(Reuters) – American Media Inc (AMI) said on Thursday it was selling its National Enquirer tabloid to James Cohen, whose family owns a magazine distributor and used to own the Hudson chain of airport newsstands.
U.S. tabloid newspaper the National Enquirer display rack is seen in Washington, U.S., April 10, 2019. REUTERS/Jeenah Moon
The National Enquirer had admitted to paying hush money to help U.S. President Donald Trump get elected and been accused of attempting to blackmail Amazon founder Jeff Bezos.
The weekly tabloid, along with two of its sister publications, will be purchased by Cohen. The Washington Post reported the sale was for $100 million. The companies did not respond to Reuters’ request for comment on the price.
Cohen’s family owns a U.S. magazine and book distributor, Hudson News Distributors. In 2008, the family sold the airport retail and newsstand business to Dufry AG.
The deal comes a week after AMI said it was looking at “strategic options” for…