LOS ANGELES - The National Enquirer, the tabloid that billionaire Jeff Bezos accused of extortion earlier this year, is on the block to be sold by parent company American Media LLC.
"We feel the future opportunities with the tabloids can be best exploited by a different ownership," Chief Executive Officer David Pecker said in a statement. The scrutiny extended to American Media's hedge fund owner, Chatham Asset Management, which was questioned by New Jersey officials over the matter.
Unloading the Enquirer would shift American Media's focus toward fitness and lifestyle brands. In recent years, it acquired Us Weekly and Men's Journal, as well as Bauer Media's celebrity and teen brands.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Commentary: The curious case of slick start-ups that tout billion-dollar valuations then rapidly collapseThe move-fast-and-break-things tech industry is littered with examples of start-ups that became the darling of the moment, yet months later ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Amazon chief Jeff Bezos and former wife MacKenzie reach biggest divorce deal in historyThe US$35 billion (S$47.41 billion) divorce settlement sees Bezos retaining voting control of his entire US$143 billion (S$193.67 billion) stake in the company. always making history this jeff
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Jeff Bezos to retain 75 percent of couple's Amazon stake after divorceMacKenzie Bezos, ex-wife of Amazon.com Inc founder and Chief Executive Officer Jeff Bezos, will give 75 percent of their stake in the company and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Jeff Bezos' ex-wife cedes control of Amazon in divorce dealMacKenzie Bezos, ex-wife of Amazon.com Inc founder and Chief Executive Officer Jeff Bezos, will give 75 percent of their stake in the company and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Amazon's Bezos, ex-wife reach biggest divorce deal in historyVery wealthy indeed. Amazon's Bezos, ex-wife reach biggest divorce deal in history
Source: BusinessTimes - 🏆 15. / 51 Read more »