The publisher of National Enquirer sells the American gossip magazine to James Cohen, top director at media company Hudson News. The sale involved $ 100 million, insiders told The Washington Post.
Publisher American Media Inc. (AMI) announced earlier this month that it wanted to sell National Enquirer to ease its debt. The company also wants to get rid of the Globe and National Examiner magazines.
National Enquirer has been struggling with declining print runs for some time and, like the publisher, was repeatedly discredited, as recently with an article about an alleged Jeff Bezos affair. The Amazon boss accused AMI chief David Pecker of blackmail and extortion. Bezos owns The Washington Post, which has written critical stories about President Donald Trump. Pecker is a close ally of the president.
AMI admitted last year that the company has paid $ 150,000 to a former Playboy model. She claimed to have had an affair with Trump. The publisher paid the rights to her story with the idea of never publishing it.