The owners of The National Enquirer are in talks to sell the tabloid to Ronald W. Burkle, a supermarket magnate with ties to President Bill Clinton, according to two people with direct knowledge of the negotiations. Mr. Burkle, who specializes in buying distressed companies, made his initial fortune buying and selling supermarkets in California. In 1999, he helped buy the Pittsburgh Penguins hockey franchise out of bankruptcy; the team has won three Stanley Cup championships since then. In recent years, Mr. Burkle has been a regular in the gossip pages and on the A-list benefit and party circuit, hobnobbing with the likes of Madonna, U2, Sean Combs, Leonardo DiCaprio and Sarah Ferguson, the Duchess of York. Mr. Burkle and another investor agreed to a $500 million deal to buy the Weinstein Company last year, only to pull out at the 11th hour.

Source: New York Times April 11, 2019 16:00 UTC