American Media Expects to Emerge By Year-End

New York, NY, December 20 2010 – American Media, Inc. (“AMI” or the “Company”) announced today that the U.S. Bankruptcy Court for the Southern District of New York has confirmed its Plan of Reorganization, clearing the way for AMI to emerge from its voluntary pre-packaged Chapter 11 reorganization by the end of 2010. The confirmed Plan of Reorganization will strengthen AMI’s capital structure, significantly de-lever its balance sheet and improve its already strong cash flow and cash on hand.

“I have been CEO for over a decade, and this is the best capital structure I have ever had to work with. This will allow AMI to finally capitalize on all the digital opportunities available for our brands, continue to strengthen our print properties, expand our publishing services efforts and ultimately accomplish what my goal has always been – to build a major media company that will be among the industry’s elite.”

AMI’s Plan of Reorganization will be effective upon satisfaction of all closing conditions. This includes closing AMI’s previously announced Revolving Credit Facility with JPMorgan Chase Bank, N.A. and the issuance of AMI’s 13-1/2% Second Lien Senior Secured Notes due 2018.

Additional information about AMI’s restructuring, including the disclosure statement describing the Plan of Reorganization, is available at www.kccllc.net/AMI. You may also receive information from AMI’s restructuring hotline at (877) 660-6698.