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Web Media Wire Daily
Untitled Document

Holy shit! There is good news out of American Media Inc

Published: Tuesday, February 19, 2008


BY SDH
No, David Pecker didn't answer the prayers of his employees, shareholders and even some underlings and quit. The good news out of American Media Inc is that, the company has reported strong earnings for third quarter of fiscal year 2008. This comes as talks of a merger with the Ron Burkle controlled Source Interlink have cooled and the arrival of a new CFO Dean Durbin, under the incompetent leadership of David Pecker. Revenue for the third quarter of fiscal year 2008 was $115 million, as compared to $107 for the same period in 2007—a seven percent increase.
The publisher of Star, National Enquirer, Shape and Men’s Fitness attributed the boost to increases in advertising and newsstand revenue. According to Publishers Information Bureau (PIB) figures, Shape’s ad pages increased by 13 percent in 2007, Star and Men’s Fitness by 25 percent.

Waiting for AMI CEO Dave Pecker to resign or step aside is like the Cubans waiting for Cuban ruler Fidel Castro to step down or die. Well Castro did step down. Your move Pecker!

Labels: AMI, DavePecker, EARNINGS, Magazine

Comments on "Holy shit! There is good news out of American Media Inc"

 

Anonymous Anonymous said ... (3:20 PM) : 

It is clear they made a deep cut in print orders and discounted ad pages. You know they threw out the baby with the bath water to get these numbers.

 

Anonymous Anonymous said ... (3:21 AM) : 

3rd quarter 2008 earning and its only March - jeez - their astrologer must be really good

 

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