American Media (publisher)

American Media, Inc., is an American publisher of magazines, supermarket tabloids, and books.

History

The modern American Media came into being after Generoso Pope, Jr., longtime owner of the National Enquirer, died in 1988, and his tabloids came under new ownership. American tabloids began consolidating in 1990, when American Media bought Star from Rupert Murdoch. The purchase of Globe Communications (owner of the Globe and the National Examiner) followed nine years later.

American Media is not to be confused with American Media Distribution the international news coverage firm. American Media's corporate headquarters in Boca Raton, Florida, figured prominently in news headlines in late 2001, after an anthrax attack was perpetrated on the company. Since then the corporate headquarters have moved to New York City at 1 Park Avenue in Manhattan, before moving to the Financial District to the former JP Morgan Chase headquarters at 4 New York Plaza. That building was severely damaged by Hurricane Sandy but reopened in February 2013. The CEO, David J. Pecker, travels between the Boca Raton and New York offices while managing the company.

Media of the United States

Media of the United States consist of several different types of media: television, radio, cinema, newspapers, magazines, and Internet-based Web sites. The U.S. also has a strong music industry. Many of the media are controlled by large for-profit corporations who reap revenue from advertising, subscriptions, and sale of copyrighted material. American media conglomerates tend to be leading global players, generating large revenues as well as large opposition in many parts of the world. With the passage of the Telecommunications Act of 1996, further deregulation and convergence are under way, leading to mega-mergers, further concentration of media ownership, and the emergence of multinational media conglomerates. These mergers enable tighter control of information. Currently, six corporations control roughly 90% of the media. Critics allege that localism, local news and other content at the community level, media spending and coverage of news, and diversity of ownership and views have suffered as a result of these processes of media concentration.