The National Enquirer's editorial went too far in revealing the CEO of Amazon Jeff Bezos cheated on his wife, MacKenzie Bezos. The "Pecker Peak" saga, as well as the alleged affinity of the publication with Donald Trump, would have "disgusted" the powers of American Media Inc. (AMI) to the point that they decided to put the tabloid on sale.
According to the Washington Post, the sextant drama of the founder of the Amazon, as well as the investigations of the federal prosecutor's office, were the catalysts of the decision of the parent company to drop this racy publication.
Scandal Bezos: The straw that broke the back of the national inquiry?
Anthony Melchiorre, hedge fund manager, reportedly played a key role in the sales negotiations. Its Chatham Asset Management Fund holds an 80% interest in AMI.
While Melchiorre once complained of AMI to the point of being so in debt that he was constantly on the brink of ruin, a series of scandals pushed him to the limit. For example: AMI allegedly paid $ 150,000 in hidden cash to former Playboy model Karen McDougal, who claimed to have had an affair with Donald Trump before becoming president.
The Washington Post announced that the AMI council had begun to explore a sale several months before the National Enquirer pulled the boss of the Amazon into the tabloids:
"In August, when AMI and two of its highest officials were finalizing a non-prosecution agreement with federal investigators, the company's board of directors began looking for ways to get off the tabloid business & # 39; that more, "another person said. "
AMI could also download its magazines Us Weekly and In Touch.
In a preliminary version of the AMI sales announcement included in the report, the CEO of AMI, David Pecker, wrote:
"Our board of directors is striving to leverage the popularity of our glamorous, teen and celebrity active lifestyle brands while developing robust new platforms." . . which now generate significant revenue streams. Because of this focus, we believe that future opportunities with tabloids can be better exploited by a different property. "
Hedge fund manager has an ax to grind with trump
There is no lost love between Trump and the Washington Post, which the president knocks frequently during his "false tirades".
According to the Post, Trump had a warm and political relationship with the National Enquirer. That was a problem for Melchiorre.
Melchiorre "had become extremely uncomfortable with his investment in a tabloid involved in efforts to support the president's administration and his bid for re-election".
It's interesting, since the Washington Post, owned by Bezos, has a more than comfortable relationship with Amazon's CEO.
Federal prosecutors chose not to sue AmI after agreeing to cooperate with them in September. After dodging this bullet, the editors of National Enquirer relied on the success of the Bezos case.
An anonymous source told reporters that with Pecker's connection to Trump, it was the ultimate water drop:
"The Trump thing was a problem, and [Melchiorre] was really disgusted by Bezos reports, "said the person.
The members of the editorial team presented the presentation of the connection between Bezos and Lauren Sanchez. Then the tabloid tried to blackmail Bezos, said the billionaire.
This has turned against them to a staggering degree.
Jeff Bezos publishes a shocking blackmail letter A national editor of Enquirer would have sent him for photos of "Pecker" https://t.co/HutaAUlmBj
– CCN.com (@CCNMarkets) February 8, 2019
NCC reported that AMI had promised Bezos not to publish "photos" from him he agreed to certain conditions. This included the publication of a statement claiming that AMI's actions were not motivated by political considerations.
Jeff and MacKenzie Bezos had already filed for divorce. Sanchez has tabled this week.