American Media is selling its tabloid the National Enquirer for $100 million to James Cohen, chief executive of Hudson News, the Washington Post reported.
American Media is selling its tabloid the National Enquirer for $100 million to James Cohen, chief executive of Hudson News, the Washington Post reported on Thursday, citing people familiar with the agreement.
The weekly tabloid along with two sister publications will be purchased by the head of Hudson News known for its airport newsstands, the report said. According to media reports, Paul Pope, one of the heirs of the National Enquirer founder Generoso Pope Jr, had also been in the list of bidders.
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