The National Enquirer, a 93-year-old tabloid that chronicled celebrity controversies before becoming embroiled in scandals of its own, is on the block to be sold by embattled publisher American Media LLC. Following accusations of extortion by billionaire Jeff Bezos this year and an earlier flap over killing embarrassing stories about Donald Trump, American Media said Wednesday that it would unload the weekly imminently. Leon Cooperman, an investor in American Media, said he believes an unspecified buyer is interested in making the deal. If the sale goes through, it would help ease the pressure on American Media, Chief Executive Officer David Pecker and the company’s hedge fund backers. Bezos accused American Media of trying to blackmail him with photos of him with a woman who wasn’t his wife.

Source: National Post April 11, 2019 12:56 UTC