The Failing National Enquirer! Sad!

This topic contains 15 replies, has 7 voices, and was last updated by  Andy Brown 8 months, 3 weeks ago.

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  • #39153

    lastday
    Participant

    https://apnews.com/7d75f13c35724c2bba7ec050c32d12f7

    WASHINGTON (AP) — The National Enquirer has long explained its support for Donald Trump as a business decision based on the president’s popularity among its readers. But private financial documents and circulation figures obtained by The Associated Press show that the tabloid’s business was declining even as it published stories attacking Trump’s political foes and, prosecutors claim, helped suppress stories about his alleged sexual affairs.

    The Enquirer’s privately held parent company, American Media Inc., lost $72 million for the year ending in March, the records obtained by the AP show. And despite AMI chairman David Pecker’s claims that the Enquirer’s heavy focus on Trump sells magazines, the documents show that the Enquirer’s average weekly circulation fell by 18 percent to 265,000 in its 2018 fiscal year from the same period the year before — the greatest percentage loss of any AMI-owned publication. The slide follows the Enquirer’s 15 percent circulation loss for the previous 12 months, a span that included the presidential election.

    More broadly, the documents obtained by the AP show that American Media isn’t making enough money to cover the interest accruing on its $882 million in long-term debt and that the company expects “continued declines in circulation and advertising revenues” in the current year. That leaves AMI reliant on debt to keep its operations afloat and finance a string of recent acquisitions that are transforming the tabloid news industry.

    That creditor backstopping AMI is a New Jersey investment fund called Chatham Asset Management. Its top executive dined with Pecker and Trump at the White House last year, and the fund has both a history of Republican political donations and ties to the administration of former New Jersey Gov. Chris Christie, which awarded it hundreds of millions of dollars in state retirement funds to manage.

    #39158

    cbaravelli
    Spectator

    Fluff.
    AMI filed for re-organisation December last year. So have other print publishers who are bleeding red.
    Why does every story have to include Trump? It’s a sickness.

    #39163

    lastday
    Participant

    Yeah, the apparent fact that AMI was paid by Trump to bury unflattering stories about our now-president is irrelevant! FAKE!

    #39164

    nosignalallnoise
    Participant

    What I find shocking is people actually read that fishwrap. Somehow I find that decreases my faith in humanity a little bit.

    #39166

    lastday
    Participant

    Apparently people aren’t reading it, given their current dire financial situation.

    #39169

    cbaravelli
    Spectator

    ” the apparent fact that AMI was paid by Trump…”
    Um…Fact is the National Enquirer and National Examiner, both AMI publications, make more money sup press ing some stories than printing them. Not just Trump. Practice goes back to the Hearst days over a century ago. Maybe longer.
    Rosebud

    #39180

    lastday
    Participant

    Um. Well, ok then. Nothing to see read or hear here. Moving along. 😉

    #39181

    nosignalallnoise
    Participant

    What’s with the spaces in the word “suppressing”?

    Who’s “Rosebud”?

    #39187

    cbaravelli
    Spectator

    https://en.wikipedia.org/wiki/Citizen_Kane
    https://en.wikipedia.org/wiki/William_Randolph_Hearst
    “Rosebud” is purported to be the last word the protagonist, William Randolph Hearst, says on his death bed. Motion picture is in black and white so you may not want to watch it.
    “Who’s Mongo?”
    “He’s not a who but more of a what.”

    #39188

    nosignalallnoise
    Participant

    black and white so you may not want to watch it.

    I’d like to know what motivated you to make that assumption.

    #39193

    semoochie
    Participant

    “Rosebud” is purported to be the last word the mythical protagonist, Charles Foster Kane, says on his death bed in “Citizen Kane”, a movie that borrows heavily from the life of William Randolph Hearst. Any connection to Rosebud(the world’s most famous sled)with Hearst is unknown to me.

    #39194

    edselehr
    Participant

    “Rosebud” (the sled) is a fictional plot device for the movie only. However, it was rumored at the time that “Rosebud” was Hearst’s nickname for a particular part of his mistress’s anatomy. Clearly Wells liked pushing boundaries and ruffling feathers in his younger days.

    #39195

    Borderblaster
    Participant

    The cuckoo clock.

    #39214

    cbaravelli
    Spectator

    to make that assumption.
    May and might are speculative verbs and are not descriptive.
    American English is my second language and I know better it than you.
    What goes around comes around

    #39221

    cbaravelli
    Spectator

    “In Italy for 30 years, the Borges, they had warfare, terror, blood shed. But they produced Michaelangelo, Leonardo DaVinci and the Renaissance.
    In Switzerland, they had brotherly love and 500 years of democracy and peace. And what did that produce? The cuckoo clock.”
    The Third Man – 1949

    • This reply was modified 8 months, 3 weeks ago by  cbaravelli. Reason: ?
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