Ron Burkle Close To Finalizing American Media Purchase

If WWD is to be believed, Ron Burkle is close to finalizing his purchase of American Media Inc.:

So what would the allegedly press-shy Burkle want with Shape, Star, the National Enquirer and Men’s Fitness? Well, perhaps not a lot. His interest appears mainly to be in AMI’s magazine distribution company DSI, the purchase of which would make Source Interlink one of the largest magazine distributors in the country. Sources close to the deal expect Pecker to become head of the new company, despite a very rough patch over the last few years that included falling rate bases and restated financials at AMI.

Meet your new National Enquirer generalissimo.