National Enquirer Publisher Files For Bankruptcy

Law360, New York (November 17, 2010, 2:21 PM EST) -- American Media Inc., publisher of the National Enquirer and Star supermarket tabloids, has filed a prepackaged Chapter 11 plan, aiming to emerge from bankruptcy in 60 days.

In a bankruptcy petition filed Wednesday in the U.S. Bankruptcy Court for the Southern District of New York, American Media lists assets of between $0 and $50,000 and debts of between $500 million and $1 billion.

The company said in a statement that the plan has been approved by the majority of creditors entitled to vote on it. In...
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