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The National Enquirer is being sold for $100 million to Hudson News CEO James Cohen, the Washington Post reported Thursday.
The development comes after the National Enquirer’s parent company, American Media Inc, announced it was evaluating “strategic options” for the supermarket tabloid. The media company also said it was looking options for its Globe and the National Examiner properties.
Washington - Post - Reports
The Washington Post reports:
**** and his supermarket tabloid have also been embroiled in recent months in an unusually public feud with Amazon founder Jeff Bezos, who also owns The Washington Post.
Sale - AMI - Newsprint - Tabloid - Business
The sale of AMI’s newsprint tabloid business, which also includes the National Examiner and the Globe, is expected to reduce AMI’s debt to $355 million, according to a person familiar with...
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