National Enquirer

National Enquirer to sell for $100 million to CEO of Hudson News

In this image, a stack of National Enquirer magazines sit between two others in a store rack.
The National Enquirer repeats Donald Trump's allegation that Hillary Clinton is not healthy enough for the presidency by using a doctored photograph in 2016. Photo: Andrew Lichtenstein/Corbis via Getty Images

The National Enquirer and 2 of its sister publications — owned by American Media Inc. — will be sold for $100 million to James Cohen, the chief executive of Hudson News, a travel retailer best "known for its airport newsstands," as reported by the Washington Post.

The bottom line: American Media's hedge fund manager, Anthony Melchiorre, was reportedly frustrated by the National Enquirer's reporting tactics, according to the Post — hence the sale. Last year, American Media admitted to making a $150,000 payment "in concert with" Trump's presidential campaign to suppress a story about Trump's alleged affair with former Playboy model Karen McDougal. The move also downsizes AMI's considerable debt.

Go deeper: National Enquirer's parent company "disgusted" with the paper

Editor's note: This story has been corrected to indicate the National Enquirer has been purchased by James Cohen, the CEO of Hudson News (not Hudson News).

For sale: National Enquirer's parent company "disgusted" with the paper

Cover of the National Enquirer reporting about Hillary Clinton's health
Photo: Andrew Lichtenstein/Getty Images

American Media Inc. is working to sell the National Enquirer following the outlet's public feud with Jeff Bezos, the Washington Post reports.

Background: While it has been reported that AMI is "disgusted" with the Enquirer's reporting methods, the company has also been dealing with financial difficulty after refinancing $425 million in bonds, according to Forbes. AMI's CEO David Pecker is also close friends with President Trump, and has been accused of using the Enquirer in 2016 to favor then-candidate Trump, per the Washington Post.