The plastic bag ban outlined today by Boston City Councilor Matt O’Malley contains a fee on paper bags that will cost several millions of dollars to Boston consumers, further strapping working families already struggling to get by in one of America’s most expensive cities. O’Malley, a district councilor from Roslindale, chaired the Plastic Bag Ordinance Task Force and today unveiled legislation banning thin, single-use plastic bags from being used by grocery stores and other retailers. O’Malley maintained plastic bags are harmful to the environment and clog up landfills for hundreds of years. However, despite there being no evidence of environmental benefit, his bill also calls for a five-cent fee on paper bags. click Read More below for additional detail
American Media, LLC today announced that its Board concluded its strategic operational review of its tabloid business, which began last August, and has resulted in the decision to explore strategic options for its National Enquirer (US and UK editions), Globe and National Examiner brands, which will likely result in their sale in the near future.
“We have been keenly focused on leveraging the popularity of our celebrity glossy, teen and active lifestyle brands while developing new and robust platforms including broadcast and audio programming, and a live events business, that now deliver significant revenue streams,” said American Media President and CEO David J. Pecker. “Because of this focus, we feel the future opportunities with the tabloids can be best exploited by a different ownership.”
American Media has seen significant growth in the past two years with the acquisitions of Us Weekly, Men’s Journal, Bauer’s U.S. celebrity and teen publications, and the most recent acquisition of media assets comprising TEN: Publishing’s Adventure Sports Network (ASN). The addition of ASN’s 14 adventure and sports brands makes American Media the sixth largest sports media brand in the world, delivering more than 60 million monthly video views.
The company has also continued to grow its experiential marketing and events division. In addition to its ownership of Joe Weider’s Mr. Olympia Fitness & Performance Expo, and international series of Mr. Olympia events, the company added the newly acquired production assets from TEN Publishing, including world-renowned action sports events, allowing American Media to further deliver unique and creative opportunities to engage with a young and passionate audience.