"The bondholders, who own a portion of American Media's junk bonds, want the company's private-equity owners to give them a larger take in return for retiring some of its debt, according to sources close to several bondholders." [Post]
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"The bondholders, who own a portion of American Media's junk bonds, want the company's private-equity owners to give them a larger take in return for retiring some of its debt, according to sources close to several bondholders." [Post]
An emotional wreck since her husband went to jail, Amy Winehouse has been trudging on through her tour, with a recent two day stop in Glasgow.
On the way to her Scottish destination, the Rehab singer reportedly lit up in the airplane commode on three separate occasions. According to reports from The Sun, Amy upset fellow passengers by locking herself in the bathroom for ten minutes at a time to smoke a cigarette.
Slate's Mickey Kaus thinks that supermarket billionaire Ron Burkle's scheme to Source Interlink (he is the majority shareholder, and by the way, that stock is so deep in the toilet) with American Media Inc. gives the Clintons control of that company's tabloids. But we hear this weird rumor that Conde Nast will make a play for Burkle's company while it's dirt cheap, heading off the deal with American Media.