American Media CEO David Pecker who may end up running Source Interlink if they swallow his company (what a nightmare) thanked AMI's advertisers for making he and his equally incompetent CFO Jack Craven look like they're doing something right after results for Second Quarter of Fiscal Year 2008 were made public.

Revenues for the second quarter of fiscal year 2008 were $131.9 million, as compared to $124.8 million in the prior-year period, representing a 5.7% increase. In the first six months of fiscal year 2008, revenues were $253.0 million, as compared to $239.3 million in the prior-year period, representing a 5.7% increase. The increase in revenue is primarily related to increased advertising in the Company's Shape, Men's Fitness and Star magazines.

"Our health and celebrity publications serve vibrant markets. It was gratifying to experience an increase in advertising revenue during the second quarter of fiscal 2008, and we thank our advertisers for their support."

American Media Operations, Inc. Files Form 10-Q for Second Quarter of Fiscal Year 2008 [PRN]