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Latest David J. Pecker Stories

2014-08-18 08:27:26

-- PRESIDENT AND CEO DAVID J. PECKER OUTLINES AGGRESSIVE GROWTH STRATEGY -- NEW YORK, Aug. 18, 2014 /PRNewswire/ -- American Media, Inc. (AMI) today announced that Investors who recently acquired one hundred percent of issued and outstanding shares of AMI common stock, have agreed to convert $121.3 mm in aggregate principal amount of second lien notes due 2018 into equity. This transaction will reduce AMI's balance sheet leverage by over a full turn and permanently reduce interest...

2014-08-15 12:24:36

American Media to receive additional $12.5 million cash infusion at closing NEW YORK, Aug. 15, 2014 /PRNewswire/ -- American Media, Inc. ("AMI") announced today that Chatham Asset Management, LLC and Omega Charitable Partnership, L.P. (collectively, the "Investors"), which are existing bondholders of AMI, have agreed to acquire all of the issued and outstanding shares of common stock of AMI. In addition to the stock acquisition, the Investors will invest an additional $12.5...

2014-08-05 08:30:13

Four Titles Contribute to the Record-breaking Month NEW YORK, Aug. 5, 2014 /PRNewswire/ -- Four of American Media, Inc.'s premier titles recorded impressive digital growth, reports David J. Pecker, Chairman, President and CEO of American Media, Inc. (AMI). Shape and Men's Fitness each registered over eight million unique hits, while OK! Magazine and Muscle & Fitness each broke five million. "Our forward thinking investment in digital infrastructure and the compelling editorial...

2014-05-06 12:27:17

NEW YORK, May 6, 2014 /PRNewswire/ -- AMI announced that it is launching a new app today for iPhone and iPad users, called InPrint (www.inprintapp.com) providing unlimited access to the entire AMI brand of magazines for the introductory price of 99 cents a month. Featuring entertainment titles such as Star and OK!, as well as its well-regarded suite of lifestyle and wellness publications, InPrint will enable readers to immerse themselves in AMI content for one nominal monthly price....

2014-02-17 12:23:13

NEW YORK, Feb. 17, 2014 /PRNewswire/ -- American Media, Inc. (AMI) and Cumulus Media today announced a partnership to form a glossy, 16-page section called NASH in Country Weekly beginning with the February 24 issue. The partnership provides a unique opportunity for Cumulus Media to further brand its flagship country station. "This agreement is a transforming event for Country Weekly," said AMI Chairman, President, and CEO David J. Pecker. "Partnering with Cumulus Media and combining...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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