National Enquirer reportedly sold to the owner of Hudson News, a travel retailer at airports, for $100 million
James Cohen, who comes from the family that started Hudson News, a travel retailer at airports in the United States and Canada, has reportedly agreed to buy the troubled publication for $100 million. News of the sale was first reported by the Washington Post and the Wall Street Journal.American Media Inc.
The Post reported earlier this month that AMI was trying to sell the tabloid after the hedge fund manager whose firm controls the company became"disgusted" with the Enquirer's practices. AMI publisher David Pecker and President Trump are longtime associates. Read MorePecker and the Enquirer have also been feuding with Jeff Bezos, the chief of Amazon and the owner of the Post.
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National Enquirer owner is being sold for $100 million to Hudson Media CEOAmerican Media Inc. is selling the Enquirer and other tabloids to James Cohen, part of the family that founded Hudson News Distributors, the leading magazine distributor on the East Coast.
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