James Cohen acquired National Enquirer from American Media.

American Media sold its National Enquirer tabloid to James Cohen, whose family owns a magazine distributor and used to own the Hudson chain of airport newsstands for $100m. The National Enquirer had admitted to paying hush money to help US President Donald Trump get elected and been accused of attempting to blackmail Amazon founder Jeff Bezos. The weekly tabloid, along with two of its sister publications, will be purchased by Cohen. “The sale of these brands shows their vitality in today’s newsstand marketplace where they continue to generate nearly $30m in profit annually. James and his team at Hudson have a proven history in publishing and have the market-based knowledge and long-term vision needed to ensure the growth of these brands.” David Pecker, American Media CEO.