10.26.2004:Is American Media on Eve of Mr. Olympia selling Weider Publications?

from  ergogenics.org, which was apparently reproducing a discussion on getbig.com forums.  Here is another  THREAD FROM GETBIG.COM:

Cha-Ching
AMI To Sell Weider Publications
« on: September 25, 2004, 04:44:16 PM » 


                        American Media is quietly shopping Weider Publications
                        to major candidates that may be interested in buying the
                        entire Weider titles and the publishing company.

                        Unfortunately, AMI hasn't found a buyer who'll pay their
                        requested acquisition price--but that will change sooner
                        than later.

                        What this means for you and the bodybuilders?  An
                        uncertain future.  For those of you attending the
                        Olympia, enjoy it, because it may be the last
                        AMI-promoted bodybuilding show as soon as a solid
                        prospect is found.

                        I hate to see this happen--mostly because many expected
                        it--but AMI literally has no other option.  I'm surprised
                        to see them hang on as long as they did and let the debt
                        pile up so fiercely ($1 Billion debt; Weekly interest
                        payments of $1 Million; sustaining severe damage from
                        rival tabloids titles, which is their true, core
                        business; a failed $350M WeiderPub aquisition, etc).

                        It really is time for them to unload.  No one can blame
                        them, and Pecker has investors to answer to.