Even before the turmoil, American Media was grappling with financial losses. The closely held company recorded a $31.5 million deficit in the six months that ended Sept. 30, according to documents reviewed by Bloomberg. That marked an improvement over the previous year, but nonetheless brought its total losses over the last 5 1/2 fiscal years to $256 million.
Bezos and his wife, MacKenzie, announced earlier this month that they were completing the dissolution of their marriage. The divorce is the most expensive on record, with MacKenzie Bezos receiving a 4 percent Amazon stake, worth roughly $36 billion.
This article was provided by Bloomberg News.