EX-25 17 y86871exv25.txt FORM T-1 STATEMENT OF ELIGIBILITY Exhibit 25 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 ------------------------- FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE ------------------------------------------- CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) ---------------------------------------- J. P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION (Exact name of trustee as specified in its charter) 95-4655078 (State of incorporation (I.R.S. employer if not a national bank) identification No.) 101 CALIFORNIA STREET, FLOOR 38 SAN FRANCISCO, CALIFORNIA 94111 (Address of principal executive offices) (Zip Code) William H. McDavid General Counsel 270 Park Avenue New York, New York 10017 Tel: (212) 270-2611 (Name, address and telephone number of agent for service) -------------------------------------------- AMERICAN MEDIA OPERATIONS, INC. (Exact name of obligor as specified in its charter) DELAWARE 59-2094424 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification No.) 190 CONGRESS PARK DRIVE, SUITE 200 DELRAY BEACH, FLORIDA 33445-4706 (Address of principal executive offices) (Zip Code) 8-7/8% SENIOR SUBORDINATED NOTES DUE 2011 (Title of the indenture securities) ------------------------------------------------------------- ITEM 1. GENERAL INFORMATION. Furnish the following information as to the trustee: (a) Name and address of each examining or supervising authority to which it is subject. Comptroller of the Currency, Washington, D.C. Board of Governors of the Federal Reserve System, Washington, D.C. (b) Whether it is authorized to exercise corporate trust powers. Yes. ITEM 2. AFFILIATIONS WITH OBLIGOR. If the Obligor is an affiliate of the trustee, describe each such affiliation. None. ITEM 16. LIST OF EXHIBITS. List below all exhibits filed as part of this statement of eligibility. Exhibit 1. Articles of Association of the Trustee as Now in Effect (see Exhibit 1 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference). Exhibit 2. Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-41329, which is incorporated by reference). Exhibit 3. Authorization of the Trustee to Exercise Corporate Trust Powers (contained in Exhibit 2). Exhibit 4. Existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference). Exhibit 5. Not Applicable Exhibit 6. The consent of the Trustee required by Section 321 (b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 333-41329, which is incorporated by reference). Exhibit 7. A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority. Exhibit 8. Not Applicable Exhibit 9. Not Applicable SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, J. P. Morgan Trust Company, National Association, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Birmingham, and State of Alabama, on the 21st day of May, 2003. J. P. Morgan Trust Company, National Association By /s/ :Roy Wessinger ---------------------------------------- Roy Wessinger Vice President EXHIBIT 7. Report of Condition of the Trustee. CONSOLIDATED REPORT OF CONDITION OF J.P. Morgan Trust Company, N.A., (formerly --------------------------------------------- Chase Manhattan Bank and Trust Company, N.A.) ---------------------------------------------- (Legal Title) LOCATED AT 1800 Century Park East, Suite 400 Los Angeles, CA 90067 ---------------------------------------------------------------------- (Street) (City) (State) (Zip) AS OF CLOSE OF BUSINESS ON March 31, 2003 ----------------------------------- ================================================================================ ================================================================================ ASSETS DOLLAR AMOUNTS IN THOUSANDS Cash and Due From Banks $ 21,088 Securities 136,138 Loans and Leases 141,435 Premises and Fixed Assets 5,973 Intangible Assets 152,893 Other Assets 18,036 ------------ Total Assets $ 475,563 =========
LIABILITIES Deposits $ 222,645 Other Liabilities 38,592 ------------ Total Liabilities 261,237
EQUITY CAPITAL Common Stock 600 Surplus 177,264 Retained Earnings 36,462 ------------ Total Equity Capital 214,326 ------------ Total Liabilities and Equity Capital $ 475,563 =========