American Media to Fold 3 Magazines
From Bloomberg News
American Media Inc., which publishes supermarket tabloids Star and Weekly World News, will stop publishing three magazines, cutting 9% of jobs, and plans to move the National Enquirer back to Florida from New York.
The publisher will fold Celebrity Living, car enthusiast magazine MPH and Shape en Espanol, a spokeswoman said.
The National Enquirer will return to its offices in Lantana after moving to New York for a year. The company said the New York office was too expensive. Former editor in chief David Perel also is returning after a yearlong stint as editorial director for four of the company’s tabloids.
