National Enquirer Expected to be Sold Soon. Pressure Grows on Parent Company
INTEL REPORT--American Media Inc. is actively seeking to sell off the National Enquirer, according to three people familiar with the process who spoke on the condition of anonymity because they were not authorized to speak publicly.
The decision to sell came after the hedge fund manager whose firm controls American Media became “disgusted” with the Enquirer’s reporting tactics, according to one of these people.