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Concept
A360media
Summary
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 150,000 to Karen McDougal in concert with a candidate'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.
Official source
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