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:6/24/2016)... ... June 24, 2016 , ... June 19, 2016 is World Sickle Cell Observance ... and the benefits of holistic treatments, Serenity Recovery Center of Marne, Michigan, ... Disease. , Sickle Cell Disease (SCD) is a disorder of the red blood cells, ...
(Date:6/24/2016)... ... 2016 , ... Global law firm Greenberg Traurig, P.A. announced that 20 Florida ... their peers for this recognition are considered among the top 2 percent of lawyers ... as members of this year’s Legal Elite Hall of Fame: Miami Shareholders Mark ...
(Date:6/24/2016)... ... June 24, 2016 , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, ... minimum wage raise to $12 an hour by 2020 and then adjusting it yearly to ... value of the minimum wage, assure the wage floor does not erode again, and make ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute Beauty Network, affiliated ... Weintraub as a prominent plastic surgeon and the network’s newest partner. , ... most handsome men, look naturally attractive. Plastic surgery should be invisible.” He stands ...
(Date:6/24/2016)... ... June 24, 2016 , ... National recruitment firm Slone ... executive with extensive sequencing and genomics experience, as Vice President of North American Capital ... will be responsible for leading the sales team in the commercialization of the HTG ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... --  Pulmatrix, Inc ., (NASDAQ: PULM ), ... today that it was added to the Russell Microcap ... set of U.S. and global equity indexes on June ... for Pulmatrix," said Chief Executive Officer Robert Clarke ... in developing drugs for crucial unmet medical needs, and ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... - Forecast to 2022" report to their offering. ... for the patients with kidney failure, it replaces the function ... the patient,s blood and thus the treatment helps to keep ... in balance. Increasing number of ESRD patients ...
(Date:6/23/2016)... Roche (SIX: RO, ROG; OTCQX: RHHBY) announced ... BRAHMS PCT (procalcitonin) assay as a dedicated testing solution ... this clearance, Roche is the first IVD company in ... sepsis risk assessment and management. PCT is ... levels in blood can aid clinicians in assessing the ...
Breaking Medicine Technology: