After the tabloid and AMI CEO David Pecker became embroiled in a scandal associated with the President and hush money payments to keep a former Playboy model quiet about her alleged affair with President Trump, the company's board of directors started exploring ways to get rid of National Enquirer. The Associated Press reported a year ago that Pecker kept a safe that held documents on hush money payments and killed stories, including records on ones involving Trump.
American Media LLC announced that it is seeking a buyer for the National Enquirer and other newsprint tabloids it owns.
AMI has been in a legal quagmire for the past year due to Pecker's dealings with President Donald Trump and Michael Cohen. 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.
Bezos has suggested he became a target of the Saudis due to his ownership of The Washington Post and its coverage of the murder of its columnist Jamal Khashoggi.More news: Kim Jong Un says he's open to another summit with Trump
More recently, the Enquirer broke the story that Amazon Chief Executive Jeff Bezos, one of the richest men in the world, who also owns the Washington Post, was conducting an affair with former Fox news anchor Lauren Sanchez.
The board for American Media began reviewing operations for the National Enquirer last August for the US (National Enquirer) and United Kingdom edition (National Enquirer Globe).
Bezos took to social media to accuse the National Enquirer of blackmailing him.
In a statement on Wednesday evening, Pecker sidestepped The Post's reporting.More news: Kovac confirms Coman-Lewandowski fight
Prosecutors haven't reached a determination concerning the extortion claim, according to a person familiar with the investigation, and they are now working to examine another set of claims - those made last month by Bezos's security consultant, Gavin de Becker.
In a statement, Pecker said that American Media had shifted its emphasis away from The Enquirer and its other tabloid publications, which also include Star, to its glossy magazines, such as Us Weekly and Men's Journal, and other ventures.
But the reports on Jeff Bezos love life changed all.More news: Millionaire intends to host real-life battle royale on private island