Thursday, April 18, 2019

National Enquirer sold to newsstand chain Hudson News for $100M

American Media Inc. (AMI) is selling its tabloid the National Enquirer for $100 million US to James Cohen, chief executive of Hudson News, the Washington Post reported on Thursday, citing people familiar with the agreement, Reuters reports.
The National Enquirer had admitted to paying hush money to help U.S. President Donald Trump get elected and been accused of attempting to blackmail Amazon founder Jeff Bezos.
The weekly tabloid along with two sister publications, the Globe and the National Examiner, will be purchased by the head of Hudson News known for its airport newsstands, Associated Press later confirmed.
The sale is expected to reduce AMI's debt to $355 million, the Washington Post report said.

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