Supermarket Synergy! Burkle Closing In On Purchase Of AMI
Ron Burkle and American Media Inc.'s David Pecker are said to be meeting with banks to finalize the financing for Source Interlink Co., controlled by Burkle-owned Yucaipa Cos., to acquire AMI. So what would the allegedly press-shy Burkle want with Shape, Star, the National Enquirer and Men's Fitness? Well, perhaps not a lot. His interest appears mainly to be in AMI's magazine distribution company DSI, the purchase of which would make Source Interlink one of the largest magazine distributors in the country. Sources close to the deal expect Pecker to become head of the new company, despite a very rough patch over the last few years that included falling rate bases and restated financials at AMI.
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Women's Wear Daily | Stephanie D. Smith | November 8, 2007 10:10 AM