The National Enquirer is for sale, and a deal seems near

Enlarge this image

WaPo also noted AMI is under "intense pressure because of the Enquirer's efforts to tilt the 2016 presidential election in favor of Donald Trump" and its very public feud with Washington Post owner Jeff Bezos as additional reasons the Enquirer is struggling.

Implicitly referring to the boost from the Bezos scandal on the brands, American Media President and CEO, David J. Pecker said in a statement: "Because of this focus, we feel the future opportunities with the tabloids can be best exploited by different ownership".

In February, Washington Post owner and Amazon CEO Jeff Bezos accused American Media LLC of extortion and blackmail by threatening to publish potentially embarrassing personal photos of him. Pecker is a Trump ally.

That deal may be in jeopardy now that prosecutors are looking into the circumstances of the Enquirer's reporting about Amazon CEO Jeff Bezos.

AMI, Pecker and the National Enquirer have been embroiled in controversies surrounding President Trump.

Eventually, prosecutors signed a non-prosecution agreement with AMI during the Cohen probe and the company committed that it would provide cooperation in the future and stay out of trouble.

Bezos said the tabloid promised not to publish the photos if he stopped his private investigators from trying to find out how the tabloid obtained the texts.

It's not clear whether federal prosecutors have independent evidence to corroborate the claim that the Saudis hacked Bezos's phone or had any connection to the National Enquirer's story on his affair.

In addition to the National Enquirer, American Media said it was also considering selling two other brands, Globe and National Examiner. "Despite the false and unsubstantiated claims of Becker, American Media has, and continues to, refute the claims that the materials for our report were acquired with the help of anyone other than the single source who first brought them to us", the company said.

Melchiorre controls the $4 billion hedge fund Chatham Asset Management, which holds an 80 percent stake in American Media Inc.

An AMI spokesman did not immediately respond to a request for further comment.



Latest news

Are Rey’s Parents in the Star Wars: The Rise of Skywalker Trailer?
Did you feel the reawakening of the Force? The security around The Rise of Skywalker has been tight, even by Disney standards. I was pretty emotional from the panel leading into it and then when the trailer kicked off I was just so thrilled.

Tiger Woods almost taken down by security guard at Masters
He is tied for fifth in greens in regulation for the tournament, having hit 75 percent, always an important stat for Woods. I know I'm going to go out there and go do what I normally do.

Trump considered Ivanka for World Bank as she's 'good with numbers'
The bank has historically been led by figures with multiple decades of governmental, macroeconomic or academic experience. Trump then echoed a tweet he made last October when he said "everyone" wanted Ivanka to become the successor to U.N.

Infiniti reveals Qs Inspiration Concept's minimalist face
Although this concept isn't set to go into production as is, it is likely to inspire future Infiniti sedans in terms of design. Its design, especially the interior, would be majorly different to present models, design chief Karim Habib stated.

Fisher-Price Rock 'n Play linked to 32 deaths
It also advises against using auto seats, strollers or other devices for sleep. "The safety of children is our highest priority". The AAP does not recommend inclined sleep products such as Rock 'n Play, or any other products that require restraining a baby.

Other news