Tuesday, November 2, 2010

National Enquirer publisher American Media Inc. files for bankruptcy

American Media, the publisher perhaps best known for its supermarket tabloids National Enquirer and Star (as well as Shape and Men's Fitness) is entering Chapter 11 -- in other words, declaring bankruptcy.  The company said in a release that within two weeks, 80% of its creditors need to agree with a "prepackaged Chapter 11 filing" that would give the company 60 days to reorganize  under the

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