Its all aboard with Pecker in New York

AMI Chief David Pecker and his board of directors are reportedly grouping up in New York City fire off some questions about the company's finance structure. "They have created a structure that says run this business for cash [flow] or bad things are going to happen," said Ken Meehan, an assistant editor with Debtwire, which follows stressed companies. Wow, guess this means Bonnie has to cut back on intern Starbucks runs. Pecker has reportedly even shaved off the trademark mustache (HE WHAT????) he sported throughout his publishing career. He has also been spotted flying first-class commercial instead of charter, as he shuttles between AMI's Boca Raton headquarters and its New York City offices. [NYP]