EXHIBIT 1
AGREEMENT dated as of February 5, 1999, by and among Xxxxxx X.
Xxxxxxxx ("Yacktman"), Yacktman Asset Management Co., an Illinois corporation
("Yacktman Asset Management") and The Yacktman Funds, inc., a Maryland
corporation (the "Yacktman Funds").
WHEREAS, in accordance with Rule 13d-1(k) of the Securities Exchange
Act of 1934 (the "Act"), only one such statement need be filed whenever two or
more persons are required to file a statement pursuant to Section 13(d) of the
Act with respect to the same securities, provided that said persons agree in
writing that such statement is filed on behalf of each of them.
NOW, THEREFORE, in consideration of the premises and mutual agreements
herein contained, the parties hereto agree as follows:
Each of Yacktman, Yacktman Asset Management and The Yacktman Funds
hereby agree, in accordance with Rule 13d-1(k) under the Act, to file one
Statement on Schedule 13G relating to their ownership of the Common Stock of
American Media, Inc. and hereby further agree that said Statement shall be filed
on behalf of each of Yacktman, Yacktman Asset Management and The Yacktman Funds.
Nothing herein shall be deemed to be an admission that the parties hereto, or
any of them are members of a "group" (within the meaning of Section 13(d) of the
Act and the rules promulgated thereunder) with respect to any securities of
American Media, Inc.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.
/s/ Xxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxxx
THE YACKTMAN FUNDS, INC.
By: /s/ Xxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxxx
President
YACKTMAN ASSET MANAGEMENT CO.
By: /s/ Xxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxxx
President
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