'National Enquirer,' 'Star' Parent AMI Rumored for Sale
Private equity firm Apollo said to be suitor
Word that celebrity and fitness magazine publisher American Media Inc. is for sale has been making the rounds in the banking community.
A spokeswoman for AMI denied a New York Post report that a sale is in the works. “AMI is a very desirable company,” the rep said. “Since we deleveraged our balance sheet, we’ve received a variety of inbound calls from various financial institutions. The company is not on the block.”
The company's owners have plenty of motivation to sell, though.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in