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While it was reported yesterday that National Enquirer publisher American Media, Inc. (AMI) was closing in on a deal to purchase Wenner Media’s Us Weekly, the organization’s recent history of last-minute unravellings of deals to purchase the magazine, one of which involved AMI, required an ain’t-over-till-it’s-over attitude.
AMI has announced a deal has been reached, one worth $100 million according to WWD, with AMI chief executive officer and chairman David Pecker telling WWD, “We are excited to bring one of the most distinctive and powerful media brands to AMI and are looking forward to continuing its great editorial standards its loyal and growing audience expects.”