National Enquirer and Sister Publications Sold to Owner and CEO of Hudson News, James Cohen

The tabloid, Globe and National Examiner all reportedly sold for $100 million

The National Enquirer along sister publications Globe and National Examiner have a new owner.
Twitter: @NatEnquirer

American Media will sell The National Enquirer (both the U.S. and U.K. editions) and two of its sister publications to James Cohen, the owner and CEO of Hudson News. The deal is worth $100 million, according to The Washington Post, which first reported the news.

Just last week, American Media said it would try to sell The National Enquirer, which has been wrapped up in negative headlines over its “catch and kill” ways of purchasing the rights to a story only to never publish it. This purchase includes two other publications: Globe and National Examiner.

All the titles will go to Cohen, whom American Media president and CEO David J. Pecker said in a statement has a “proven history in publishing.”

Pecker added that “the sale of these brands shows their vitality in today’s newsstand marketplace where they continue to generate nearly $30 million in profit annually.”

Jeff Bezos recently accused American Media executives of attempted extortion and blackmail. Bezos specifically named Pecker in a lengthy post on Medium about the exchange, which alleged that American Media threatened to release damaging text messages from an extramarital relationship unless he agreed to cooperate.

American Media’s board said at the time that it would launch an investigation into Bezos’ accusations, but stood by its reporting.

“Year after year, the Enquirer has continued to be one of the best-selling and most profitable newsstand titles,” Cohen said in a statement. “But this transaction is about more than a weekly publication; it’s about a brand with extraordinary potential across multiple platforms.”

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