american media

In another bit of good economic news, the list of U.S. business bankruptcies will likely get shorter, and probably less distinguished, in 2011, just as it did this year. Still, several factors beyond an improving economy are also at play here.

It's not just mainstream news publications that are have difficulty surviving in the recession. American Media, the parent of tabloids the National Enquirer and Star, filed for Chapter 11 bankruptcy protection Wednesday.

American Media, publisher of National Enquirer, plans to file for bankruptcy protection in the next two weeks, as it seeks to convert its substantial debt to equity shares in the company.

The Washington Post Co. probably isn't going to get much more than a token $1 when it sells Newsweek. But it's being awfully choosy about where that dollar comes from.

More than two years ago, a photographer for the National Enquirer caught Tiger Woods in a liaison in a church parking lot with a woman who was not his wife. But the magazine never published the photos, and used them to gain access to the golfer instead.

When publisher Jann Wenner first revealed his plan to take Us, a middling monthly entertainment magazine, and put it into head-to-head competition with People, the world's most profitable weekly, it had the makings of a colossal error. In time, it even looked like an error to Wenner, who, panicked...