Is American Media For Sale?
Report: AMI has been "shopping itself in recent months".
This story first appears on FOLIO: sister publication, min.
The New York Post has reported that National Enquirer/Shape/Star/Men’s Fitness/Muscle & Fitness parent American Media Inc. "has been shopping itself in recent months". So far no takers, the paper says, though investor Apollo Management had expressed an interest that apparently cooled because of the "[weak] state of the publishing industry". (Apollo is the parent of CKX Relations, which owns the American Idol/So You Think You Can Dance TV series, along with ElvisPresley Enterprises [85 percent] and Muhammed Ali Enterprises [80 percent].)
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