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BumRushDaShow

(129,064 posts)
Thu Apr 18, 2019, 01:19 PM Apr 2019

UPDATE: The National Enquirer is being sold for $100 million to James Cohen, CEO of Hudson News

Source: Washington Post



Ending an association between a longtime friend of President Trump and the tabloid that favored him during the 2016 election, American Media Inc. LLC (AMI) is selling the National Enquirer for $100 million to James Cohen, CEO of Hudson News. The supermarket tabloid, along with two sister publications, will be purchased by the head of the travel retailer known for its airport newsstands, according to people familiar with the agreement.

The decision to sell came after Anthony Melchiorre, the hedge fund manager whose firm controls AMI, became disillusioned with the reporting tactics of the Enquirer, which is overseen by David Pecker, Trump’s confidant dating back many years. American Media has been under intense pressure because of the Enquirer’s efforts to tilt the 2016 presidential election in favor of Trump.

Pecker and his supermarket tabloid have also been embroiled in recent months in an unusually public feud with Amazon founder Jeff Bezos, who also owns The Washington Post. The sale of AMI’s newsprint tabloid business, which also includes the National Examiner and the Globe, is expected to reduce AMI’s debt to $355 million, according to a person familiar with the company’s finances.

The company has faced financial difficulty as it sought to refinance more than $400 million in debt this year and as the Enquirer’s circulation continued to decline. The paper sold an average of 516,000 copies per issue in 2014, but that number fell to 218,000 in December, according to data compiled by the Alliance for Audited Media.

Read more: https://www.washingtonpost.com/lifestyle/style/the-national-enquirer-is-being-sold-for-100-million-to-james-cohen-ceo-of-hudson-news/2019/04/18/03fef706-61fe-11e9-9412-daf3d2e67c6d_story.html



Timing of announcement.



But with the update - Mission accomplished.

Original article -

By Washington Post Staff
April 18 at 1:16 PM

The supermarket tabloid, along with two sister publications, will be purchased by the head of the travel retailer known for its airport newsstands, according to people familiar with the agreement.

The decision to sell came after the hedge fund manager whose firm controls the tabloid's parent company, American Media, became disillusioned with the reporting tactics it practiced. American Media has been under intense pressure because of the Enquirer's efforts to tilt the 2016 presidential election in favor of Donald Trump, who is a longtime friend of American Media's CEO, David Pecker.

This is a developing story. It will be updated.

https://www.washingtonpost.com/news/style/wp/2019/04/18/the-national-enquirer-is-being-sold-for-100-million-to-james-cohen-ceo-of-hudson-news/?utm_term=.ea375e6ac3a5
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UPDATE: The National Enquirer is being sold for $100 million to James Cohen, CEO of Hudson News (Original Post) BumRushDaShow Apr 2019 OP
I hope that some of the money is used to keep JFK alive at that hospital in Switzerland. NT mahatmakanejeeves Apr 2019 #1
Editors always read the Enquirer. They do break important stories. Cetacea Apr 2019 #2
No more M&M's from Hudson for me playaseeker Apr 2019 #3
Given their virtual monopoly on airport convenience stores jberryhill Apr 2019 #6
I was going to say if you want something to read before you get on a plane.... nycbos Apr 2019 #13
Really? If only something like the internet were available at airports awesomerwb1 Apr 2019 #26
Hard copy I am talking about nycbos Apr 2019 #29
Does that price include debt & liability? displacedtexan Apr 2019 #4
Well at $3.29 for a replacement of the bottled water TSA took from me Submariner Apr 2019 #5
Most airports now have bottle filling stations jberryhill Apr 2019 #8
Those bottle filling things make me want to gag. Dave Starsky Apr 2019 #9
I don't think you are looking at bottle filling stations jberryhill Apr 2019 #11
People still hold their bottles up to the nozzles. Dave Starsky Apr 2019 #12
There are more bugs in the cabin air, if that's what you want to get excited over jberryhill Apr 2019 #16
The Evian thing doesn't surprise me. Dave Starsky Apr 2019 #23
Okay, so to recap jberryhill Apr 2019 #24
I'm just messin' with ya. Dave Starsky Apr 2019 #25
You gave me the best laugh of my day jberryhill Apr 2019 #30
I am grateful to do that. Dave Starsky Apr 2019 #31
Maybe this got thirsty? BumRushDaShow Apr 2019 #14
Ah, yeah, well that explains it jberryhill Apr 2019 #18
Yup. BumRushDaShow Apr 2019 #20
I don't dare board the plane without my full water bottle Submariner Apr 2019 #19
What's nice about the sling... jberryhill Apr 2019 #22
LOL - I used to pick up and deliver freight at a Hudson News back in the 90s DirtEdonE Apr 2019 #7
Does the purchase include the safe full of supressed stories? nt SeattleVet Apr 2019 #10
I'm sure shredders are busy TexasBushwhacker Apr 2019 #27
I would have expected it to go for more tinrobot Apr 2019 #15
Fire sale BumRushDaShow Apr 2019 #17
From a strategic financial point of view this might have been a smart decision kimbutgar Apr 2019 #21
now all the deploarbles who can afford to fly have a security pet to hug... samnsara Apr 2019 #28
This extends Hudson's reach beyond airport terminals jmowreader Apr 2019 #32
 

jberryhill

(62,444 posts)
6. Given their virtual monopoly on airport convenience stores
Thu Apr 18, 2019, 01:29 PM
Apr 2019

They'll probably weather the hit from your M&M consumption.

nycbos

(6,034 posts)
13. I was going to say if you want something to read before you get on a plane....
Thu Apr 18, 2019, 02:02 PM
Apr 2019

... they are your only choice.

Submariner

(12,504 posts)
5. Well at $3.29 for a replacement of the bottled water TSA took from me
Thu Apr 18, 2019, 01:28 PM
Apr 2019

he should have no problem getting the money for the buy.

 

jberryhill

(62,444 posts)
8. Most airports now have bottle filling stations
Thu Apr 18, 2019, 01:30 PM
Apr 2019

And if you bring your own bottle, like a cycling bidon, you can use it every time you travel and I'm sure Jacques Cousteau would be happy at that.

https://www.chicobag.com/product-bottle-sling-repete-aquamarine-9

Dave Starsky

(5,914 posts)
9. Those bottle filling things make me want to gag.
Thu Apr 18, 2019, 01:45 PM
Apr 2019

I've seen the nozzles of those things virtually coated in lipstick from God knows how many thousands of people.

 

jberryhill

(62,444 posts)
11. I don't think you are looking at bottle filling stations
Thu Apr 18, 2019, 01:56 PM
Apr 2019

As I cannot imagine how lipstick would get on them.

You are telling me that contortionists manage to overlook the drinking fountains, somehow turn their heads upside down while arching their backs backwards, and put their lips on the nozzles of bottle filling stations?



Sorry, but as someone who logs 50k air miles a year and travels with a refillable bottle, I have never seen lipstick on a bottle filling station nor could I imagine how on earth it would get there.

Dave Starsky

(5,914 posts)
12. People still hold their bottles up to the nozzles.
Thu Apr 18, 2019, 02:01 PM
Apr 2019

Don't ask me why they do it. Maybe they think it fills faster. But they do.

If you log 50K flight miles a year, you've probably built up a superhuman immune system from drinking water from airport bottle fillers. You will probably be one of the last survivors of the impending supervirus mass extinction.

 

jberryhill

(62,444 posts)
16. There are more bugs in the cabin air, if that's what you want to get excited over
Thu Apr 18, 2019, 02:06 PM
Apr 2019

That tray table is filthy, btw.

But I'm trying to imagine the mode of transmission between the outside rim of a bottle to the inside rim of a bottle contacting the outside rim of the spout, and the water coming from the inside of the spout. All the wrong things are in successive hypothetical contact.

You do realize that at the Evian bottling plant, the workers don't get bathroom breaks and so they just pee in the water, right?

That's why "Evian" backwards is "naive".

Tap water is treated. Bottled water is not:

https://www.ecowatch.com/tap-water-vs-bottled-water-1973932208.html

Dave Starsky

(5,914 posts)
23. The Evian thing doesn't surprise me.
Thu Apr 18, 2019, 02:18 PM
Apr 2019

But urine, for the most part, is sterile, so NBD. Still cleaner than an airport bottle filler.

 

jberryhill

(62,444 posts)
24. Okay, so to recap
Thu Apr 18, 2019, 02:35 PM
Apr 2019

You wouldn't want to fill your bottle from the bottle filling station, but if given the choice you would rather fill it from the urinals?

Different strokes for different folks, I guess.

Dave Starsky

(5,914 posts)
25. I'm just messin' with ya.
Thu Apr 18, 2019, 02:54 PM
Apr 2019

You're right, of course.

You seem like someone who should try to relax more. Maybe all that air travel is getting to you. Crying babies, stale pretzels, jet lag, and all that. I understand. Anyone would develop a hair-trigger temperament after a few years of dealing with that.

Dave Starsky

(5,914 posts)
31. I am grateful to do that.
Thu Apr 18, 2019, 03:26 PM
Apr 2019

I'll be here all week. Tell your friends, try the chicken parmesan, and please remember to tip the wait staff!

Submariner

(12,504 posts)
19. I don't dare board the plane without my full water bottle
Thu Apr 18, 2019, 02:09 PM
Apr 2019

so I think I have just resorted to buying it, because business travel expenses have picked up the tab.

Retirement has just ended my business reimbursements, so now it's time to save a few bucks by packing along my own bicycle bottle to top-off at those refill stations. Thanks for tip.

 

jberryhill

(62,444 posts)
22. What's nice about the sling...
Thu Apr 18, 2019, 02:15 PM
Apr 2019

Is that it comes in handy for all sorts of things.

Get a carabiner, put a knot in it, and it clips onto the seat back pocket for your own cup holder.

(or, put some powdered drink mix in it before you leave home if you'd rather)

 

DirtEdonE

(1,220 posts)
7. LOL - I used to pick up and deliver freight at a Hudson News back in the 90s
Thu Apr 18, 2019, 01:30 PM
Apr 2019

Their warehouse used to be at the top of Paterson Plank Rd. back then. What a mess. They were one of the biggest magazine distributors but you'd never think, looking at their warehouse, that they were anything but some kind of paper recycling operation.
https://en.wikipedia.org/wiki/Robert_B._Cohen

kimbutgar

(21,155 posts)
21. From a strategic financial point of view this might have been a smart decision
Thu Apr 18, 2019, 02:12 PM
Apr 2019

Another source of revenue for their bookstores. I just hope they get the contents of those locked up stories in the safe!

jmowreader

(50,559 posts)
32. This extends Hudson's reach beyond airport terminals
Fri Apr 19, 2019, 01:40 AM
Apr 2019

And since about the only thing the Enquirer is good for is killing time on airplanes, it's not all that bad of a purchase for Hudson.

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