October 12, 2008

Weekly World News Acquired By New York Investor Group

American Media Operations, Inc. announced today the sale of the Weekly World News and related trademarks and copyrights to Bat Boy LLC.

Neil McGinness, formerly Vice President of Entertainment of IMG Media, has been named Chief Executive Officer of the Weekly World News. McGinness has an extensive media brand background spanning more than 15 years working with classic entertainment brands.

Previously McGinness was Vice President of Marketing for Lorne Michaels' Broadway Video Entertainment, producer of popular shows such as "Saturday Night Live" and "Late Night with Conan O'Brien" as well as motion pictures such as "Wayne's World."

"The Weekly World News is a powerful brand in publishing, entertainment and online," said Weekly World News CEO Neil McGinness. "The Weekly World News brand and its characters have inspired musicals, books, feature film projects and television shows over the years. We see tremendous potential for growing the brand and significantly expanding the business."

Terms of the deal were not disclosed.