Toxic U.S. tabloid sale talk sounds like a whopper

Toxic U.S. tabloid sale talk sounds like a whopper

In a statement, AMI said that a "decision has been taken to explore strategic options for its National Enquirer (US and United Kingdom editions), Globe and National Examiner brands which will result in their sale in the near future".

'Because of this focus, we feel the future opportunities with the tabloids can be best exploited by a different ownership. The Associated Press reported a year ago that Pecker kept a safe that held documents on hush money payments and killed stories, including records on ones involving Trump. AMI has defended its reporting on Bezos' affair.

AMI, Pecker and the National Enquirer have been embroiled in controversies surrounding President Trump. The company agreed to stay out of trouble and "provide cooperation in the future".

The agreement stemmed from prosecutors' investigation of Trump's former personal attorney Michael Cohen, who helped orchestrate that hush-money payment.

Bezos said the tabloid promised not to publish the photos if he stopped his private investigators from trying to find out how the tabloid obtained the texts.

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After the Enquirer published a bombshell story about Bezos' love life in January, the tech billionaire alleged that the tabloid tried to extort him.

An American Media attorney denied that the tabloid committed blackmail, but the attack from Bezos threatened potentially big legal costs and at a bad time for American Media.

Prosecutors have been probing the extortion claim in part to determine whether the actions of the National Enquirer's publisher, American Media, violated a non-prosecution agreement it struck past year with prosecutors.

American Media Inc. announced Wednesday that it plans to sell the National Inquirer along with two other tabloids.

The Post also reported that the sale decision was also borne by the displeasure of hedge fund manager Anthony Melchiorre whose $4 billion Chatham Asset Management controls 80 percent stake in the AMI. A phone message seeking comment from Chatham was not immediately returned. "Despite the false and unsubstantiated claims of Mr.de Becker, American Media has, and continues to, refute the claims that the materials for our report were acquired with the help of anyone other than the single source who first brought them to us", the company said.

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