Nationwide Enquirer offered to US journal distributor

Newstand with National Enquirer closest to cameraPicture copyright
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The newspaper has gained a fame for outlandish movie star protection

The proprietor of US tabloid newspaper the Nationwide Enquirer has agreed to promote the title to journal distributor James Cohen.

American Media Inc (AMI) mentioned it could promote the title and two of its sister publications to Mr Cohen.

The tabloid has been embroiled in high-profile scandals involving US President Donald Trump and Amazon’s Jeff Bezos.

The sale phrases weren’t disclosed however the Washington Publish reported a sale value of $100m (£77m).

In a press release, AMI mentioned it had reached an settlement in precept with Mr Cohen to promote the title’s US and UK editions, together with the Globe and Nationwide Examiner.

“The sale of those manufacturers exhibits their vitality in immediately’s newsstand market the place they proceed to generate almost $30 million in revenue yearly,” AMI chief govt David Pecker mentioned.

Mr Cohen’s household constructed the Hudson chain of airport newsstands. The household now owns US journal and guide distributor Hudson Information Distributors.

“12 months after yr, the Enquirer has continued to be one of many best-selling and most worthwhile newsstand titles,” Mr Cohen mentioned.

He mentioned he plans to spice up the Nationwide Enquirer’s video and documentary collaborations, in addition to its theme park enterprise.

Excessive-profile scandals

The Nationwide Enquirer is finest identified for its outlandish movie star gossip and crime protection.

Amazon boss accuses tabloid of blackmail
What’s the Nationwide Enquirer?

Final yr the writer admitted to serving to Mr Trump’s presidential marketing campaign bury a report about an alleged extramarital affair with a former Playboy mannequin.

Federal prosecutors introduced in December that AMI had admitted paying Karen McDougal $150,000 for a “catch and kill” on her story within the run-up to the 2016 election.

In February, Amazon founder Jeff Bezos accused its house owners of making an attempt to blackmail him over lewd images.

He mentioned AMI needed him to cease investigating how that they had obtained his personal messages.

Earlier this month the writer introduced it was in search of a purchaser for the 93-year-old title.

The tabloid was initially based as The New York Night Enquirer again in 1926, when it was distributed as a broadsheet on a Sunday.

At its peak it had a weekly circulation of thousands and thousands, however the web has had a big impact on gross sales.

Final yr it was introduced circulation had dropped to about 265,000 – 18% down in a single monetary yr.

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