‘National Enquirer’ Publisher Files for Chapter 11
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American Media Inc., the publisher of the National Enquirer and Star supermarket tabloids, filed for bankruptcy protection with a previously negotiated reorganization plan.
The Boca Raton, Florida-based publisher listed assets of less than $50,000 and debt of as much as $1 billion in its Chapter 11 filing today in U.S. Bankruptcy Court in Manhattan. A separate petition of operating subsidiary American Media Operations Inc.’s lists assets of $100 million to $500 million and debt of more than $1 billion.