The National Enquirer, President Trump’s favorite supermarket tabloid, is about to have a new owner: James Cohen, a son of the founder of the Hudson News franchise. American Media had been in talks with several potential buyers, including the California billionaire Ronald W. Burkle. After those talks fell apart last week, Mr. Cohen, whose father started the chain of Hudson News shops, swooped in to buy the troubled tabloid. As part of the deal, American Media, led by David J. Pecker, a longtime friend of Mr. Trump’s, has also agreed to sell two of its other tabloids: the Globe and the National Examiner. The Washington Post first reported the sale, which it pegged at $100 million.

Source: New York Times April 18, 2019 19:41 UTC