American Media said last week that it wanted to get out of the tabloid business to focus on its other operations, which includes its teen brand and broadcast platforms.
NEW YORK — The National Enquirer is being sold to the former head of the airport newsstand company Hudson News following a rocky year in which the tabloid was accused of burying stories that could have hurt Donald Trump’s 2016 presidential campaign.
Federal prosecutors in Manhattan agreed last year not to prosecute American Media in exchange for the company’s co-operation in the campaign finance investigation. That probe eventually led to a three-year prison term for Trump’s former personal lawyer Michael Cohen for campaign violations among other charges.
The National Enquirer has also been accused by Amazon chief Jeff Bezos of trying to blackmail him by threatening to publish explicit photos of him.
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