American Media agreed to sell the National Enquirer for $100 million to James Cohen, former head of Hudson News
The company that owns the National Enquirer has agreed to sell the scandal-plagued supermarket tabloid to a former newsstand and magazine distribution mogul for $100 million, a person familiar with the matter said.
James Cohen, 60, whose family built Hudson News, best known for operating airport and rail station newsstands, has agreed to acquire the gossip weekly, the person said. Mr. Cohen’s Hudson Group was acquired by Swiss travel retailer Dufry AG in 2008. Mr. Cohen remains on the company’s board.
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