David J. Pecker, the tabloid media titan who drew the scrutiny of federal investigators for his alleged role in Donald J. Trump’s 2016 presidential campaign, is out as the leader of the parent company of The National Enquirer, Us Weekly and other publications, according to a company announcement on Friday. At the same time, American Media, the company led by Mr. Pecker since 1999, has a new name, A360Media, and will be merged with a sibling company, Accelerate 360. Both are controlled by the hedge fund Chatham Asset Management. The chief executive of Accelerate 360, David Parry, announced the changes to employees on Friday. The company, based in Smyrna, Ga., describes itself as a logistics firm that delivers products “from corkscrews to umbrellas.”Accelerate said Mr. Pecker, 68, the chief executive and president of American Media, would take on a new role, executive adviser.

Source: New York Times August 21, 2020 23:00 UTC