American Media,the Boca Raton-based publisher of the National Enquirer, said it plans to file for bankruptcy protection in about two weeks. The company said in a news release that it will initiate a prepackaged Chapter 11 filing premised around a debt-for-equity exchange with a group of bondholders, about 80 percent of which have agreed to support the restructuring. The company, which has offices in New York, also publishes Men’s Fitness, Shape and Star magazines. The company said the bankruptcy should not impact its ongoing operations.
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