American Media Inc CEO Mulls Bid for Time Inc Magazines

New Yorker: American Media Inc. CEO David Pecker remains interested in running Time Inc. Both companies own some of the last weeklies in the country, and a merger would mean efficiencies in printing and distribution. Pecker couldn’t buy Time Inc. on his own, however. He would need a deep-pocketed partner, and he’s looking to find one. “I think that there’s a huge opportunity,” Pecker said.