Hudson News chief James Cohen to buy National En
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Posted On: 04/28/2019 10:58:58 AM
Hudson News chief James Cohen to buy National Enquirer
PUBLISHED THU, APR 18 2019 • 2:56 PM EDT UPDATED THU, APR 18 2019 • 3:45 PM EDT
Reuters
KEY POINTS
American Media said Thursday it is selling its tabloid the National Enquirer to James Cohen, chief executive officer of Hudson Media.
The National Enquirer had admitted to paying hush money to help U.S. President Donald Trump get elected and been accused of attempting to blackmail Amazon founder Jeff Bezos.
The sale is expected to reduce AMI’s debt to $355 million.
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