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David Pecker. Photo: Francois Durand/Getty Images

David Pecker is stepping down as CEO of American Media Inc., to adopt an advisory role in the parent company of the National Enquirer as it enters a merger, per a Friday release.

The big picture: Pecker, an influential tabloid media figure, has led the company since 1999 and helped orchestrate "catch and kill" deals between two women who claimed to have past affairs with President Trump, the New York Times reports. Trump has denied the affairs.

  • New York prosecutors investigated hush payments made by American Media as a potential violation of campaign finance laws, per the Times. Pecker was given a non-prosecution deal due to his cooperation.
  • The media titan was among dozens investigated by the House Judiciary Committee last year as part of a sweeping probe of the president and his inner circle.

Details: Chris Scardino, a veteran of the company, is taking over Pecker's position as American Media merges with Accelerate 360, a sibling company managed by the same hedge fund, per the Times.

Go deeper

Where the Trump campaign's money went

In a deeply reported article on "How Trump's Billion-Dollar Campaign Lost Its Cash Advantage," the N.Y. Times' Shane Goldmacher and Maggie Haberman found some unusual spending by the Trump campaign.

Why it matters: Money concerns are very real for President Trump's campaign — an unusual predicament for a sitting president, and one that worries veteran Republican operatives.

28 mins ago - Axios Twin Cities

Brooklyn Center mayor in the spotlight after Daunte Wright shooting

Mike Elliott has moved swiftly after the death of Daunte Wright. Photo: Kerem Yucel/AFP via Getty Images)

The killing of Daunte Wright by a Brooklyn Center, Minn., police officer has thrust Mayor Mike Elliott into the national spotlight.

The big picture: Elliott, with the backing of the city council, has acted quickly and boldly in the wake of the shooting. He fired longtime city manager Curt Boganey, took control of the police department and called for the firing of officer Kim Potter, who resigned on Tuesday.

Exclusive: White House meeting with members of Problem Solvers Caucus

Members of the Problem Solvers Caucus discuss the COVID-19 relief bill in December. Photo: Oliver Contreras/Bloomberg via Getty Images

Top White House officials will meet Wednesday with a bipartisan coalition of House lawmakers as the administration tries to enlist moderates to support the president's infrastructure proposal.

Why it matters: The meeting is something of an olive branch after President Biden's team courted groups of progressives to back the $2.2 trillion package.