<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 9)
American Media, Inc.
(Name of Issuer)
Class A Common Stock, par value $.01 per share
(Title of Class of Securities)
29354101
(CUSIP Number)
Roy F. Coppedge, III
Boston Ventures Management, Inc.
21 Custom House Street
Boston, Massachusetts 02110
(617) 737-3703
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
- with a copy to -
Laurence D. Weltman, Esq.
Willkie Farr & Gallagher
153 East 53rd Street
New York, New York 10022
(212) 821-8000
May 25, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-l(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
CUSIP No. 29354101
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael J. Boylan
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------- -----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 21,713,318
REPORTING --------- ----------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
867,545.7
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
867,545.7
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
The reporting person disclaims beneficial ownership of the shares
owned by Boston Ventures Limited Partnership III , Boston Ventures
Limited Partnership IIIA, Peter J. Callahan and Maynard Rabinowitz.
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
2
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SCHEDULE 13D
CUSIP No. 29354101
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter J. Callahan
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------- -----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 21,713,318
REPORTING --------- -----------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
6,940,364.8
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,940,364.8
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
The reporting person disclaims beneficial ownership of the shares
owned by Boston Ventures Limited Partnership III, Boston Ventures
Limited Partnership IIIA, Michael J. Boylan and Maynard Rabinowitz.
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
3
<PAGE>
SCHEDULE 13D
CUSIP No. 29354101
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maynard Rabinowitz
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------- -----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 21,713,318
REPORTING --------- -----------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
867,545.7
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
867,545.7
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
The reporting person disclaims beneficial ownership of the shares
owned by Boston Ventures Limited Partnership III, Boston Ventures
Limited Partnership IIIA, Michael J. Boylan and Peter J. Callahan.
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
4
<PAGE>
SCHEDULE 13D
CUSIP No. 29354101
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Boston Ventures Limited Partnership III, I.R.S. No. 043052121
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
--------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 21,713,318
REPORTING
--------- ------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
10,318,181.7
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
10,318,181.7
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
The reporting person disclaims beneficial ownership of the shares
owned by Michael J. Boylan, Peter J. Callahan, Maynard Rabinowitz
and Boston Ventures Limited Partnership IIIA
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.7%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
5
<PAGE>
SCHEDULE 13D
CUSIP No. 29354101
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Boston Ventures Limited Partnership IIIA, I.R.S. No. 043077486
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
--------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 21,713,318
REPORTING
--------- ------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
2,719,680.1
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,719,680.1
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
The reporting person disclaims beneficial ownership of the shares
owned by Michael J. Boylan, Peter J. Callahan, Maynard Rabinowitz
and Boston Ventures Limited Partnership III
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
6
<PAGE>
SCHEDULE 13D
(Amendment No. 8)
This statement amends and restates in its entirety the
Schedule 13D as originally filed with the Securities and Exchange Commission
(the "SEC") on August 5, 1991 (the "Original Schedule 13D"), Amendment No. 1
thereto, as filed with the SEC on September 16, 1991 ("Amendment No. 1"),
Amendment No. 2 thereto, as filed with the SEC on January 6, 1992 ("Amendment
No. 2"), Amendment No. 3 thereto, as filed with the SEC on June 23, 1992
("Amendment No. 3"), Amendment No. 4 thereto, as filed with the SEC on July 14,
1993 ("Amendment No. 4"), Amendment No. 5 thereto, as filed with the SEC on May
9, 1994 ("Amendment No. 5"), Amendment No. 6 thereto, as filed with the SEC on
July 18, 1994 ("Amendment No. 6"), Amendment No. 7 thereto, as filed with the
SEC on February 9, 1995 ("Amendment No. 7"), and Amendment No. 8 thereto, as
filed with the SEC on April 15, 1997 ("Amendment No. 8"). The Original Schedule
13D, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4,
Amendment No. 5, Amendment No. 6, Amendment No. 7 and Amendment No. 8 are
collectively referred to herein as the "Schedule 13D"; each (except as noted
below) was filed on behalf of GP Group Acquisition Limited Partnership
("Acquisition Partnership"), Macfadden Holdings, L.P., Boston Ventures Limited
Partnership III and Boston Ventures Limited Partnership IIIA pursuant to Rules
13d-1 and 13d-2 of the General Rules and Regulations under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). Acquisition Partnership,
a limited partnership whose general partners consisted of the other reporting
entities named above, was terminated on June 30, 1993 as reported by Amendment
No. 4, and thus no longer joins the Schedule 13D as a reporting entity.
Macfadden Holdings, L.P., a Delaware limited partnership ("Macfadden"), effected
a current distribution of all of its shares of Common Stock on March 20, 1997 as
reported by Amendment No. 8, and thus no longer joins the Schedule 13D as a
reporting entity.
Item 3. Source and Amount of Funds or Other Compensation.
Item 3 of the Schedule 13D is hereby amended by adding the
following to the end thereof:
The escrow was terminated on May 25, 1997 upon the expiration
of the Partnership Warrants, and all shares of Common Stock held in escrow were
released.
7
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this Statement is true,
complete and correct.
Dated: June 4, 1997. BOSTON VENTURES LIMITED
PARTNERSHIP III
By: Boston Ventures Company
Limited Partnership III,
Its General Partner
By:/s/ Roy F. Coppedge, III
Roy F. Coppedge, III
General Partner of
Boston Ventures
Company Limited
Partnership III
BOSTON VENTURES LIMITED
PARTNERSHIP IIIA
By: Boston Ventures
Company Limited
Partnership III, Its
General Partner
By:/s/ Roy F. Coppedge, III
Roy F. Coppedge, III
General Partner of
Boston Ventures
Company Limited
Partnership III
/s/ Michael J. Boylan
Michael J. Boylan
/s/ Peter J. Callahan
Peter J. Callahan
/s/ Maynard Rabinowitz
Maynard Rabinowitz
8
