National Enquirer Will Be Sold for $100M
Former Hudson News chief James Cohen will buy the supermarket tabloid from publisher American Media Inc. along with its sister tabloids, the Globe and National Examiner. The sale transfers control of the scandal-ridden Enquirer away from AMI President and CEO David Pecker, a Trump confidant who faced criticism for allegedly using the tabloid to help boost his ally. It also follows public accusations of extortion leveled by Amazon founder and Washington Post owner Jeff Bezos.
What’s Cohen’s plan? He says he aims to expand the Enquirer’s content across numerous platforms, including using its archive for documentaries and podcasts.
Don’t miss OZY’s Donald Dossier on the tabloid scandal.