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The National Enquirer and other tabloids owned by American Media Inc. are on the chopping block

The National Enquirer and other tabloids owned by American Media Inc. are on the chopping block
Marion Curtis/AP



American Media Inc. is exploring the sale of several tabloids — including the embattled National Enquirer — the company said on Wednesday.




The release came shortly after a Washington Post report, which said that pressure to sell the tabloids came from hedge fund manager Anthony Melchiorre of Chatham Asset Management, which holds 80% of AMI shares. Melchiorre was "disgusted" with the National Enquirer's reporting practices, a source told The Post.




In September 2018, American Media's CEO David Pecker and Chief Content Officer Dylan Howard signed a nonprosecution agreement related to the $150,000 payment to former Playboy bunny Karen McDougal, who claimed to have had an affair with Donald Trump, in a "catch and release" deal to bury the possibly damaging information ahead of the 2016 US presidential election.




Pecker cited different reasoning for the potential sale in the company's statement.




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American Media Inc. is exploring the sale of several tabloids — including the embattled National Enquirer — the company said on Wednesday.
"American Media, LLC today announced that its Board concluded its strategic operational review of its tabloid business, which began last August, and has resulted in the decision to explore strategic options for its National Enquirer (US and UK editions), Globe and National Examiner brands, which will likely result in their sale in the near future," according to a Wednesday-night press release.
The release came shortly after a Washington Post report, which said that pressure to sell the tabloids came from hedge fund manager Anthony Melchiorre of Chatham Asset Management, which holds 80% of AMI shares. Melichiorre was "disgusted" with the National Enquirer's reporting practices, a source told The Post.
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