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A360media AI simulator
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A360media AI simulator
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A360media
A360 Media, LLC (branded a360media), formerly American Media, Inc. (AMI), is an American publisher of magazines, supermarket tabloids, and books based in New York City. Originally affiliated with only the National Enquirer, the media company's holdings expanded considerably in the 1990s and 2000s. In November 2010, American Media filed for Chapter 11 bankruptcy protection due to debts of nearly $1 billion, but has continued to buy and sell magazine brands since then.
AMI had been in the news affiliated with accusations of catch and kill operations. On December 12, 2018, the U.S. Attorney's Office reported that AMI admitted to paying $150,000 to Karen McDougal in concert with Donald Trump's presidential campaign for the sole purpose of preventing damaging allegations prior to the 2016 US presidential election.
According to its September 2018 non-prosecution agreement with Southern District of New York federal prosecutors, AMI "shall commit no crimes whatsoever" for three years, otherwise "A.M.I. shall thereafter be subject to prosecution for any federal criminal violation of which this office has knowledge."
On April 10, 2019, Chatham Asset Management, which controls 80 percent of AMI's stock, forced AMI to sell the National Enquirer. This came after Chatham owner Anthony Melchiorre, who AMI has also relied on for survival, expressed dismay over the tabloid magazine's recent scandals involving hush money assistance to U.S. president Donald Trump's 2016 campaign and blackmail of Jeff Bezos. On April 18, 2019, AMI agreed to sell not only the National Enquirer, but two of its other publications, Globe and National Examiner, to Hudson News Distributors.
In August 2020, Chatham Asset Management, AMI's owning holding company, announced it would merge AMI with Accelerate 360, a wholesale distribution company it also owned. As part of the merger, AMI was officially renamed A360 on October 1.
In February 2023, A360media agreed to sell the National Enquirer to VVIP Ventures, a joint venture of the digital media company Vinco Ventures and a new company set up for the purchase, Icon Publishing. As of July 7th, 2023, the deal has collapsed as reported by The Wall Street Journal.
The modern American Media came into being after Generoso Pope Jr., longtime owner of the National Enquirer, died in 1988, and his tabloids came under new ownership. American tabloids began consolidating in 1990, when American Media bought Star from Rupert Murdoch. The purchase of Globe Communications (owner of the Globe and the National Examiner) followed nine years later. Roger Altman, through Evercore Partners, bought a controlling stake in American Media in 1999.
American Media is not to be confused with American Media Distribution, the international news coverage firm. American Media's former corporate headquarters in Boca Raton, Florida, figured prominently in news headlines in late 2001, after an anthrax attack was perpetrated on the company and other media outlets. Since then the corporate headquarters have moved to New York City at 1 Park Avenue in Manhattan, before moving to the Financial District to the former JP Morgan Chase headquarters at 4 New York Plaza. That building was severely damaged by Hurricane Sandy but reopened in February 2013.
A360media
A360 Media, LLC (branded a360media), formerly American Media, Inc. (AMI), is an American publisher of magazines, supermarket tabloids, and books based in New York City. Originally affiliated with only the National Enquirer, the media company's holdings expanded considerably in the 1990s and 2000s. In November 2010, American Media filed for Chapter 11 bankruptcy protection due to debts of nearly $1 billion, but has continued to buy and sell magazine brands since then.
AMI had been in the news affiliated with accusations of catch and kill operations. On December 12, 2018, the U.S. Attorney's Office reported that AMI admitted to paying $150,000 to Karen McDougal in concert with Donald Trump's presidential campaign for the sole purpose of preventing damaging allegations prior to the 2016 US presidential election.
According to its September 2018 non-prosecution agreement with Southern District of New York federal prosecutors, AMI "shall commit no crimes whatsoever" for three years, otherwise "A.M.I. shall thereafter be subject to prosecution for any federal criminal violation of which this office has knowledge."
On April 10, 2019, Chatham Asset Management, which controls 80 percent of AMI's stock, forced AMI to sell the National Enquirer. This came after Chatham owner Anthony Melchiorre, who AMI has also relied on for survival, expressed dismay over the tabloid magazine's recent scandals involving hush money assistance to U.S. president Donald Trump's 2016 campaign and blackmail of Jeff Bezos. On April 18, 2019, AMI agreed to sell not only the National Enquirer, but two of its other publications, Globe and National Examiner, to Hudson News Distributors.
In August 2020, Chatham Asset Management, AMI's owning holding company, announced it would merge AMI with Accelerate 360, a wholesale distribution company it also owned. As part of the merger, AMI was officially renamed A360 on October 1.
In February 2023, A360media agreed to sell the National Enquirer to VVIP Ventures, a joint venture of the digital media company Vinco Ventures and a new company set up for the purchase, Icon Publishing. As of July 7th, 2023, the deal has collapsed as reported by The Wall Street Journal.
The modern American Media came into being after Generoso Pope Jr., longtime owner of the National Enquirer, died in 1988, and his tabloids came under new ownership. American tabloids began consolidating in 1990, when American Media bought Star from Rupert Murdoch. The purchase of Globe Communications (owner of the Globe and the National Examiner) followed nine years later. Roger Altman, through Evercore Partners, bought a controlling stake in American Media in 1999.
American Media is not to be confused with American Media Distribution, the international news coverage firm. American Media's former corporate headquarters in Boca Raton, Florida, figured prominently in news headlines in late 2001, after an anthrax attack was perpetrated on the company and other media outlets. Since then the corporate headquarters have moved to New York City at 1 Park Avenue in Manhattan, before moving to the Financial District to the former JP Morgan Chase headquarters at 4 New York Plaza. That building was severely damaged by Hurricane Sandy but reopened in February 2013.