Hudson News CEO James Cohen will purchase the National Enquirer and two sister publications for $100 million, according to the Washington Post. The hedge fund…
Hudson News CEO James Cohen will purchase the National Enquirer and two sister publications for $100 million, according to the Washington Post.
The hedge fund that controls the tabloid’s parent company, American Media Inc. (AMI), has reportedly grown disillusioned with the Enquirer’s reporting tactics, after a series of legal controversies put the tabloid in the spotlight.
Last August, the company’s board of directors began looking for ways to sell off the tabloids “because they didn’t want to deal with hassles like this anymore,” a person familiar with board deliberations told the Post.
