Business News

American Media, Inc. Announces Publishing Services Agreement for Playboy Enterprises

Wednesday 25. November 2009 - AMI Will Assume Responsibility for Non-Editorial Functions of Playboy Magazine

American Media, Inc. (AMI) today announced that it has reached an agreement for the outsourcing of all Playboy magazine functions excluding the editorial product. AMI will assume responsibility for the production, circulation, advertising sales, marketing and other support services of both Playboy magazine and the company’s other domestic publications.

Under terms of the contract, AMI will be paid potential fees in the range of $5 million for advertising, circulation, production and related services. This would result in profitability of approximately $2 million.

Both companies will begin working together immediately with a goal of completing the transition by March 2010.