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May 18, 2020

AMI Awaiting $5M-$6M PPP Loan

NY Post's Keith Kelly reports that American Media is waiting for a loan valued between $5M and $6M under the federal Payroll Protection Program run by the Small Business Administration, The Post has learned. An AMI spokesman declined to comment this week on whether the owner of the National Enquirer, Us Weekly and other celebrity titles actually received the money yet. “American Media made the decision to apply for PPP support in an effort to secure hundreds of jobs that might have been lost as we and other publishers continue to navigate the current economic climate created by the COVID-19 pandemic,” a spokesman told The Daily Beast, which weeks ago broke the story about the loan application." On Sunday, CNN aired a documentary on the National Enquirer that included interviews with Kelly, along with Carl Bernstein, Ronan Farrow and others...

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