Bankruptcy case looms for National Enquirer owner

[bobbyw24]

After years of dishing tales of celebrity folly and misfortune, The National Enquirer's publisher has fallen on hard times of its own.

American Media Inc. plans to seek federal bankruptcy protection in the next two weeks or so. The privately held company, based in Boca Raton, Fla., announced its intention Monday without sharing any details about its finances.

http://finance.yahoo.com/news/Bankru...42523.html?x=0

[enhanced_deficit]

There are rumors that they got foreign money.

News/old details in news after Enquirer blackmail scandal involving private photos of Bezos splashed in media this week:




Bezos suggests National Enquirer nervous about Saudi Arabia ties
February 7, 2019
https://www.yahoo.com/entertainment/...211741233.html


National Enquirer Boss Took Ally of Saudi Arabia to Meet Trump in the Oval Office
https://www.thedailybeast.com/nation...he-oval-office


Trump’s Publisher Pal Puts Saudi Propaganda Magazine in U.S. Supermarkets

The owners of the National Enquirer have a slick, ad-free magazine on U.S. newsstands praising crown prince Mohammed bin Salman—and insist they had no outside help for it.
Spencer Ackerman

03.26.18




A nearly 100-page magazine published by Donald Trump’s allies at American Media Inc. is providing a different kind of celebrity gossip than the American supermarket shopper is used to seeing. It’s selling America on a fellow Trump ally, Saudi Arabian Crown Prince Mohammed bin Salman.
MBS, as the millennial victor of last year’s Saudi palace power struggle is known, is currently on an overseas tour to cement his legitimacy. Its current stop is the United States, where MBS met last week with Trump ahead of checking the young-king-in-waiting PR boxes of Silicon Valley and Hollywood.
Greeting Americans on newsstands is a high-quality glossy advertisement for MBS, The New Kingdom. It retails for $13.99, has no ads and its 200,000 copies can be found in venues ranging from U.S. airports to WalMart, Safeway and Kroger’s—raising questions about the magazine’s financing and its origins. The Saudis say they don’t know how it came to be. AMI, which publishes The National Enquirer, insists it had no outside editorial or financial assistance, from the Trump administration or otherwise.

The New Kingdom doesn’t feature any salacious gossip about MBS, but its coverage is just as breathless. “Our Closest Middle East Ally Destroying Terrorism,” the cover coos, sidestepping decades of Saudi Arabian financial support for terrorist groups and ideologues. It Disneyfies Saudi Arabia as “the Magic Kingdom.” It’s easily the most uncritical encomium to MBS since Thomas Friedman.

https://www.thedailybeast.com/trumps...s-supermarkets


Enquirer Insider: 'Shoe To Drop' on Saudi money, AMI, Trump

In the 2016 campaign, the “National Enquirer” ran damaging headlines about Hillary Clinton and GOP opponents of Donald Trump. Chief Executive of the National Enquirer’s Publisher, David Pecker, is now cooperating with Federal Prosecutors. A former Editor at the National Enquirer, Jerry George, tells Ari Melber that Pecker “certainly” knew incriminating things about Trump that have not been published and says stories about Trump that the Enquirer did not publish are “certainly embarrassing” and those involving “the actions of his children” including Ivanka Trump and Jared Kushner, get close to “criminal activity”.

https://www.msnbc.com/the-beat-with-...-1400546371694

[angelatc]

After years of dishing tales of celebrity folly and misfortune, The National Enquirer's publisher has fallen on hard times of its own.

American Media Inc. plans to seek federal bankruptcy protection in the next two weeks or so. The privately held company, based in Boca Raton, Fla., announced its intention Monday without sharing any details about its finances.

http://finance.yahoo.com/news/Bankru...42523.html?x=0

I miss Bobbyw24. I lost him on Facebook a few years ago.