As many predicted when Ron Burkle's Source Interlink Cos. picked up Primedia
Inc.'s enthusiast titles for $1.2 billion in May, a deal with David Pecker's
American Media Inc. could be on the horizon, according to a report
Thursday from the
New
York Post citing unnamed sources. AMI put five titles on the block last
June, after shuttering a few others, and after the Source Interlink-Primedia
deal, it looked like uniting all three could be a good fit. As The Deal's
Richard Morgan wrote in May: " 'Both have distribution and magazine
businesses,' said a source familiar with AMI and a Source Interlink plumped up
with Primedia assets. 'Put them together, and you could really drive scale.' "
While the NY Post said Thursday both Burkle and Pecker believe a deal can
be done, Pecker's style could prove too much for the Source Interlink folk.
The Post noted: "Executives at Source's publishing operation are said to be
'reluctant to report to Pecker,' said a source, who noted there could be many
culture clashes." — Carolyn Murphy
See
story from the New York Post
See
May 15 story from TheDeal.com
See
Source Interlink profile from Auction Block (subscription required)
See
American Media profile from Auction Block (subscription required)
Continue reading below
