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James Cohen, who comes from the family that founded Hudson News, a travel retailer in US and Canadian airports, agreed to buy the publication, apparently for $ 100 million.
The news of the sale was first reported by the Washington Post and the Wall Street Journal.
American Media Inc., the parent company of Enquirer, has been controversial because of its efforts to help then-candidate Donald Trump use his "catch and kill" tactic – the practice consisting of buying rights from negative stories, and then burying them as a favor to someone.
La Poste announced earlier this month that AMI was trying to sell the tabloid after the hedge fund manager, whose firm controls the company, became "disgusted" by Enquirer's practices. The AMI editor, David Pecker, and President Trump are long-time partners.
Pecker and Enquirer also quarreled with Jeff Bezos, Amazon's chief and postal owner. In a Medium blog article published in February, Bezos accused AMI of wanting to extort him by threatening to post compromising photos of him. Pecker has denied these accusations through the intermediary of a lawyer who represents him.
The sale, which includes two other AMIs, Globe and National Examiner, will reduce the company's debt to $ 355 million. In addition, the sale includes "a multi-year service contract that will generate substantial fees to American Media to provide publishing, financial and distribution services to the tabloid brands," the company said in a press release on Thursday. .
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