American Media LLC Plans To Sell 'National Enquirer'

AMI looking to sell National Enquirer on heels of Jeff Bezos scandal

The National Enquirer at a New York convenience store in February

In a statement, AMI said that a "decision has been taken to explore strategic options for its National Enquirer (US and United Kingdom editions), Globe and National Examiner brands which will result in their sale in the near future". Bezos, who also owns the Washington Post, believes the scandal was politically motivated, given Pecker's close relationship with Trump and Trump's dislike for Amazon and the Post.

American Media Inc on Wednesday said it was looking at strategic options for its USA tabloid newspaper the National Enquirer and that it might sell the publication.

The National Enquirer has been in the spotlight since it admitted to paying $150,000 to former Playboy model Karen McDougal to prevent her from "influencing the election" with her allegation that she had an affair with President Donald Trump.

AMI's principal investor, Chatham Asset Management, is "disgusted" with the recent scandals swirling around the Enquirer, according to the Washington Post, which broke the news late Wednesday.

Amid these developments, Bezos has expanded his legal team, adding attorney Matthew Schwartz, a partner at law firm Boies Schiller Flexner LLP who spent a decade as a federal prosecutor in NY, the people familiar with the matter said.

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(National Enquirer via AP) This image shows the front page of the January 28, 2019, edition of the National Enquirer featuring a story about Amazon founder and CEO Jeff Bezos' divorce. That probe eventually led to a three-year prison term for Trump's former personal lawyer Michael Cohen for campaign violations among other charges. A phone message seeking comment from Chatham was not immediately returned.

AMI's stable of titles that are not up for sale include Us Weekly, OK, Star, In Touch, Men's Journal, and Muscle & Fitness.

Following the publication of de Becker's op-ed, the publisher issued a statement saying Sanchez alone was the source for its reporting.

The Bezos attack also threatened to upend American Media's non-prosecution agreement with federal prosecutors. Pecker reached an immunity deal with federal prosecutors past year in their investigation into the payments.

But the reports on Jeff Bezos love life changed all.

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