American Media Inc. will sell the National Enquirer to the CEO of Hudson News. (Scott Olson/Getty Images)American Media Inc. is selling the National Enquirer for $100 million to James Cohen, CEO of Hudson News, ending an association between a longtime friend of President Trump and the tabloid that illegally attempted to bury embarrassing news about Trump during the 2016 election. The sale of AMI’s tabloid business, which includes the National Examiner and the Globe, is expected to reduce AMI’s debt to $355 million, the company said. The sale price of $100 million is a stunning figure for a scandal-ridden tabloid. Prosecutors are now investigating those claims, which put the Enquirer and its top officers in a position of potentially violating their agreements.

Source: Washington Post April 18, 2019 17:18 UTC