Home Videos Photos
PerezHilton CocoPerez Selena Gomez Bieber Khloe K. Adele PerezTV

All tag results for david pecker

Kris Jenner's Need For Kontrol Kills Kardashian Magazine Deal



American Media Inc. has put the kibosh on creating a magazine devoted to the Kardashians and it's all Kris Jenner's fault!

The momager was demanding

Tags: , , , , , ,

Permalink / Comments Off / Email this  »

AMI Files For Bankruptcy!

Filed under: Icky Icky PooBusiness Blitz


Another one bites the dust!

American Media Inc., which is the parent company of The National Enquirer and Star magazines, as well being in charge of all non-editorial functions involving Playboy magazine, has filed for Chapter 11 bankruptcy while it reorganizes!

According to reports:

“The Boca Raton, Florida-based publisher listed assets of less than $50,000 and debt of as much as $1 billion in its Chapter 11 filing today in U.S. Bankruptcy Court in Manhattan. A separate petition of operating subsidiary American Media Operations Inc.’s lists assets of $100 million to $500 million and debt of more than $1 billion. It terminated a previously proposed debt-exchange offer and announced on Nov. 1 that it would undertake a pre-packaged Chapter 11 filing."

Chairman and chief executive David Pecker said in a statement:

"The company is engaging in this strategy from a position of financial strength and confidence.”


Seems like that at least have some sort of plan, though!

Best of luck!

Tags: , , , , , , ,

Permalink / 6 comments / Email this  »