American Media Inc. is selling the National Enquirer to Hudson News Deputy Chairman James Cohen, according to the Washington Post, letting the embattled publisher jettison the tabloid after being accused of trying to blackmail the world's richest man.
Cohen will pay $100 million for the Enquirer, the Post reported, citing unnamed people familiar with the matter. The executive is part of the family that founded Hudson News, a chain of newsstands famous for their airport locations, and he previously ran it.
American Media announced this month that it was putting the 93-year-old tabloid up for sale, following the accusations leveled by Amazon.com Inc. founder Jeff Bezos. The publication was also accused of killing embarrassing stories about President Donald Trump.