National Enquirer up for sale after Trump, Bezos scandals

The National Enquirer, the tabloid that billionaire Jeff Bezos accused of extortion earlier this year, is on the block to be sold by parent company American Media Inc. American Media’s board conducted a review of its tabloid business, including the Globe and National Examiner brands, and decided to explore strategic options. That will “likely result in their sale in the near future,” the company said on Wednesday. “We feel the future opportunities with the tabloids can be best exploited by a different ownership,” CEO David Pecker said in a statement. The Enquirer and its owner have come under intense pressure since Bezos made his allegations in a blog post in February. Bezos accused American Media of trying to blackmail him with photos of him with a woman who wasn’t his wife. He also published emails sent to his lawyer, Marty Singer, by American Media executives. The scrutiny extended to American Media’s hedge fund owner, Chatham Asset Management, which was questioned by New Jersey officials over the matter. The Bezos controversy followed a separate flap over the publisher’s ties to President Donald Trump. The company admitted that it worked with the Trump campaign to kill stories about the candidate’s relationships with women. Unloading the Enquirer would shift American Media’s focus toward fitness and lifestyle brands. In recent years, it acquired Us Weekly and Men’s Journal, as well as Bauer Media’s celebrity and teen brands. Bezos, founder and CEO of Amazon,... Continue reading at 'Advertising Age'

[ Advertising Age | 2019-04-11 00:00:00 UTC ]

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BookExpo 2019: Michael Koryta Explores Locked-in Syndrome

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[ Publishers Weekly | 2019-05-31 00:00:00 UTC ]
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Disney joins Netflix in pondering Georgia exit over abortion law

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[ Advertising Age | 2019-05-30 14:39:17 UTC ]
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Amazon is working on a device that can read human emotions

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[ Advertising Age | 2019-05-23 22:06:23 UTC ]
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ESPN boss says it’s ‘all hands on deck’ to find younger audience

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[ Advertising Age | 2019-05-23 22:01:09 UTC ]
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Twitter co-founder says more diverse team might've spotted abuse

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[ Advertising Age | 2019-05-23 19:28:23 UTC ]
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[ Advertising Age | 2019-05-23 16:56:09 UTC ]
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[ Advertising Age | 2019-05-22 14:33:16 UTC ]
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[ Advertising Age | 2019-05-21 15:09:47 UTC ]
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ESPN The Magazine to abandon print, go web-only

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[ Advertising Age | 2019-04-30 00:00:00 UTC ]
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National Enquirer and sibling tabloids reportedly sold for $100 million

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[ Advertising Age | 2019-04-19 00:00:00 UTC ]
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National Enquirer up for sale after Trump, Bezos scandals

The National Enquirer, the tabloid that billionaire Jeff Bezos accused of extortion earlier this year, is on the block to be sold by parent company American Media Inc. American Media’s board conducted a review of its tabloid business, including the Globe and National Examiner brands, and... Continue reading at Advertising Age

[ Advertising Age | 2019-04-11 00:00:00 UTC ]
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[ Advertising Age | 2019-04-11 00:00:00 UTC ]
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[ Advertising Age | 2018-06-19 00:00:00 UTC ]
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[ Los Angeles Times | 2018-06-19 00:00:00 UTC ]
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Steve Bannon says #MeToo movement will be bigger than the Tea Party

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