National Enquirer, accused of extortion by Amazon CEO Jeff Bezos, put up for sale.
American Media Inc. announced Wednesday that it plans to sell the National Inquirer along with two other tabloids.
"We have been keenly focused on leveraging the popularity of our celebrity glossy, teen and active lifestyle brands while developing new and robust platforms including broadcast and audio programming, and a live events business, that now deliver significant revenue streams," AMI CEO David Pecker said in a statement Wednesday. "Because of this focus, we feel the future opportunities with the tabloids can be best exploited by a different ownership.
Elkan Abramowitz, an attorney who represents Pecker, defended AMI's chief executive and denied the allegations in a Feb. 10 interview with ABC News Chief Anchor George Stephanopoulos on "This Week." AMI was granted immunity from the U.S. Attorney's Office by the Southern District of New York last December as part of a probe into President Donald Trump's former personal attorney and longtime fixer, Michael Cohen.
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