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National Enquirer expected to be sold imminently as parent company faces pressure 

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National Enquirer expected to be sold imminently as parent company faces pressure

By Sarah Ellison and
Marc Fisher April 10 at 6:12 PM

American Media Inc. is actively seeking to sell off the National Enquirer, according to three people familiar with the process who asked not to be named because they were not authorized to speak publicly.

The decision to sell came after the hedge fund manager whose firm controls AMI became “disgusted” with the Enquirer’s reporting tactics, according to one of these people.

American Media has been under intense pressure due to the Enquirer’s efforts to tilt the 2016 presidential election in favor of Donald Trump, who is a longtime friend of American Media’s president and CEO, David Pecker. Pecker and his supermarket tabloid have also been embroiled in recent months in an unusually public feud with Jeff Bezos, who also owns The Washington Post.

In August, just as AMI and two of its top officers were finalizing a non-prosecution agreement with federal investigators, the company’s board of directors started looking for ways to unload the tabloid business “because they didn’t want to deal with hassles like this anymore,” another person said.

more:
http://www.washingtonpost.com/lifestyle/style/national-enquirer-expected-to-be-sold-imminently-as-parent-company-faces-pressure/2019/04/10/07bb2d88-5ba5-11e9-9625-01d48d50ef75_story.html?utm_term=.cb4de4adc475




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