American Media looking to sell tabloid National Enquirer

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American Media looking to sell tabloid National Enquirer

American Media said in a statement it is looking at "strategic options" for the weekly, as well as for the Globe and the National Examiner brands.

"Pecker didn't want to sell it, but he was forced to cut off his arm to save the rest of the company", one source close to the situation told The Post.

American Media Inc on Wednesday said it was looking at strategic options for its U.S. tabloid newspaper the National Enquirer and that it might sell the publication. The tabloid allegedly paid a former Playboy model Karen McDougal for exclusive rights to her claims that she had had an extramarital affair with Trump and then never published a story - a practice known as "catch and kill". The meeting signals that the US attorney's office is escalating its inquiry connected to Bezos's suggestion that the kingdom of Saudi Arabia was behind a National Enquirer story that exposed his extramarital affair and his claim that the tabloid attempted to extort him. The story ended Bezos' marriage and the billionaire is funding his own investigation into how his text messages were obtained by National Enquirer.

Bezos is scheduled to meet with the prosecutors as soon as this week, according to people familiar with the matter, indicating an active inquiry into the allegations - and even more trouble ahead for the Enquirer.

An AMI spokesman did not immediately respond to a request for further comment.

The Bezos attack also threatened to upend American Media's non-prosecution agreement with federal prosecutors. That probe eventually led to a three-year prison term for Trump's former personal lawyer Michael Cohen for campaign violations among other charges. "Despite the false and unsubstantiated claims of Mr.de Becker, American Media has, and continues to, refute the claims that the materials for our report were acquired with the help of anyone other than the single source who first brought them to us", the company said.

After the Enquirer published a bombshell story about Bezos' love life in January, the tech billionaire alleged that the tabloid tried to extort him.

In a statement on Wednesday evening, Pecker sidestepped The Post's reporting.

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