American Media, Inc., the company that owns the National Enquirer, said it is looking to sell the supermarket tabloid, along with the company's other tabloid magazines.
According to media reports late Wednesday, American Media CEO David Pecker confirmed the tabloids are up for sale, after the Washington Post reported that the company has come under pressure to separate itself from the Enquirer.
The tabloid, which has thrived on scandal, was itself beset by scandals amid reports of hush payments to women who claimed they had affairs with President Trump.
Pecker said in a statement that AMI is more focused on its teen and active lifestyle brands, and other platforms.
The Washington Post reported that the pressure to sell the tabloid came from Chatham Asset Management, which controls AMI. Chatham declined to comment to the Post. Company representatives could not be reached late Wednesday for comment on the reports.
The National Enquirer's parent company, American Media Inc., reportedly is under scrutiny from federal prosecutors regarding how it handled a story about an extramarital affair of Amazon.com (AMZN - Get Report) founder, CEO and Chairman Jeff Bezos.
Federal prosecutors in the Manhattan U.S. attorney's office are reviewing whether American Media committed any crime, or violated an earlier agreement not to engage in criminal conduct, Bloomberg reported.
Bezos, who owns the Washington Post, has accused the National Enquirer of extortion, saying email exchanges show AMI wanted Bezos to choose between two alternatives: either persist in pursuing a Washington Post story about how the Enquirer had obtained damaging emails about Bezos and see the new photos published in the Enquirer, or to abandon the pursuit of the story, in which case the Enquirer wouldn't publish the photos.
American Media's brands include the magazines US Weekly and OK! as well as Soap Opera Digest and the Globe tabloid.
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