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The National Enquirer tabloid is sold to James Cohen, owner and CEO of the airport newspaper kiosk company, Hudson News, its parent company announced Thursday.
The agreement announced by American Media Inc. also includes two other supermarket tabloids, Globe and the National Examiner. Financial terms have not been revealed.
The sale comes after Enquirer was involved in a federal investigation into illegal contributions to Donald Trump's presidential campaign in 2016. In September of last year, American Media had entered into a "non-suit" agreement with the US District Attorney's Office. of New York in which he admitted to having paid $ 150,000 to the former Playboy model, Karen McDougal, for the rights of his story about an alleged sexual relationship with Trump in order to "clamp down on the woman's story in order to prevent it from influencing the election ".
AMI also admitted having made the payment to McDougal "in concert with [Trump’s] presidential campaign, and in order to make sure that the woman [McDougal] has not published any damaging allegations about the candidate before the 2016 presidential election ".
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Enquirer has also been accused by Amazon chief Jeff Bezos of trying to blackmail him by threatening to publish explicit photos of him. The tabloid denies the accusations. Michael Sanchez, brother of Bezos' girlfriend, Lauren Sanchez, said that he had cooperated with the tabloid while he was investigating that the couple had an extramarital affair. The Wall Street Journal announced last month that AMI paid Michael Sanchez $ 200,000 for private text messages between Bezos and Lauren Sanchez published in the tabloid in January.
In its announcement, American Media said that Cohen "plans to accelerate Enquirer's current collaborations with [cable channel] Investigation Discovery, as well as the documentary it produces for REELZ. Cohen's statement plans to create weekly podcasts to examine stories from Enquirer's archives, as well as to increase the number of National Enquirer Live theme parks – two of which are expected to open this summer in Branson, NY. Missouri, and Pigeon Forge, Tenn.
Associated Press contributed to this report.
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