The company said in a statement that it had decided to change direction and the tabloid title no longer fit with its portfolio of assets.
David Pecker, Chairman and CEO of American Media speaks at the Shape and Men's Fitness Super Bowl Party in New York on January 31, 2014.Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.American Media Inc. said Wednesday that the National Enquirer is up for sale.
The company, run by chief executive David Pecker, a friend of President Donald Trump, said in a statement that it had decided to change direction and the tabloid title no longer fit with its portfolio of assets.American Media did not say whether it was in talks with a possible buyer, but a sale would come just months after the supermarket tabloid revealed on its front page that Amazon CEO Jeff Bezos was having an affair.
“We feel the future opportunities with the tabloids can be best exploited by a different ownership,” Pecker said in a statement, explaining that the company was developing a broadcast, audio and events business instead. The National Enquirer’s potential sale comes after the company's board said it would investigate negotiations between the tabloid and Bezos’ legal team. The contentious conversations were shared by Bezos inBezos described how he wouldn’t be shamed after learning the magazine possessed compromising photographs. He alluded to the possible involvement of foreign governments in the incident.” arrangements with women who claimed to have had affairs with Trump that included payments of hush money.
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American Media looking to sell tabloid National EnquirerAmerican Media Inc on Wednesday said it is looking at strategic options for its ...
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