Navigation Links
American Media Operations, Inc. Files Form 10-Q For First Quarter 2007
Date:10/1/2007

- Filing Brings Company Up-to-Date with SEC -

NEW YORK, Oct. 1 /PRNewswire/ -- American Media, Inc. (AMI) today said that its subsidiary American Media Operations, Inc. has filed its Form 10-Q for the quarterly period ended June 30, 2007. In the Form 10-Q, the Company reported that:

* Revenues for the first quarter of fiscal 2007 were $121.8 million, as

compared to $115.4 million for the same period of 2006, representing a

5.6% increase.

* Operating expenses were $95.6 million, as compared to $110.8 million in

the prior-year period, representing a 13.7% decrease.

* Operating income was $26.2 million, as compared to $4.6 million for the

same period of 2006, representing a 470% increase.

* Cash and cash equivalents stood at $38.3 million.

David Pecker, AMI Chairman and CEO, commented, "We are pleased to announce that, as a result of our filing today, the Company's filings with the Securities and Exchange Commission are completely up-to-date. From a business standpoint, it is also gratifying to report revenue growth in the quarter, reflecting, in part, an 11.5% year-over-year increase in advertising."

Jack Craven, AMI's Chief Financial Officer, said, "The Company is now up-to-date in the filing of its financial statements for the first time since February 2006, and is in compliance with its obligations, including all of its bank and bond covenants. In addition, in the quarter, we remained disciplined in implementing our previously announced management action plans, which contributed to the 13.7% decrease in expenses."

About American Media, Inc.

American Media, Inc. is the leading publisher of celebrity journalism and health and fitness magazines in the U.S. These include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health, and The National Enquirer. In addition to print properties, AMI owns Distribution Services, Inc., the country's #1 in-store magazine merchandising company.

Contact: Todd Fogarty

Kekst and Company

212-521-4854


'/>"/>
SOURCE American Media, Inc.; American Media Operations, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Abstain from sex- the latest mantra of American teens
2. Clintons new problem - Is the outgoing American president suffering from skin cancer?
3. American scientists alter gene makeup of babies
4. FDA attacks American Red Cross for blood violations
5. Poll Finds Many Americans Misinformed About Cancer
6. Poll Finds Many Americans Misinformed About Cancer
7. Hypertension Drug of Choice for African Americans
8. 38 million Americans including 14 million children left to combat hunger
9. Americans Consume Far Too Much Salt and Sodium
10. Americans Growing Out Of Shape
11. Rise in Stress among Americans
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/2/2016)... ... , ... This week Omega Institute, a premier nonprofit educational retreat center in ... Omega is offering a record 370 in-person workshops and new online learning opportunities ... interest in or need for the knowledge and skills we’ve been cultivating for nearly ...
(Date:5/2/2016)... ... 02, 2016 , ... The 2016 World Ultimate & Guts Championship (WUGC) Mixed roster was announced ... the cut. The WUGC is being held in London, England this year from June 18-25. ... men’s division, another gold in the women’s masters division, and a silver in the women’s ...
(Date:5/2/2016)... , ... May 02, 2016 , ... ... and urgent care facilities designed to automate and improve the rapid diagnosis, triage ... it is demonstrating their platform, application, and mobile experience for the first time ...
(Date:5/2/2016)... ... May 02, 2016 , ... MedaCheck, a leading medication ... outcomes, has announced its partnership with GrandView Health Services. , With decades of ... counter and prescription drug pharmacy services to thousands of residents. Serving Indiana, Ohio, ...
(Date:5/2/2016)... TN (PRWEB) , ... May 02, 2016 , ... ... and behavioral health services, today announced the opening of Twin Lakes Recovery Center. ... will be Summit’s first in the state. The residential facility is set ...
Breaking Medicine News(10 mins):
(Date:4/27/2016)... 27, 2016 Transparency Market Research ... Market - Global Industry Analysis, Size, Share, Growth, Trends, ... the global skincare devices market was valued at US$ ... at a CAGR of 10.1% from 2015 to 2023 ... Browse the full Skincare Devices Market (Treatment Device - LED ...
(Date:4/27/2016)... -- Tie-up with Government hospitals as part ... save newborns   Fortis La Femme, ... with Breast Milk Foundation (BMF), a non-profit organization within the ... ,Amaara, in Delhi-NCR today. This non-profit centre recognizes that breast ... should be available to babies deprived of mother,s milk.  ...
(Date:4/27/2016)... Massachusetts , April 27, 2016 ... that Jeff Poulton , Chief Financial Officer, will present ... Boston, MA on Wednesday, May 04, ... audio webcast will be available on the Presentations and Webcasts ... a replay of the webcast will be available on this ...
Breaking Medicine Technology: