American Media Inc. is looking to unload three of its tabloid magazines, including the National Enquirer, following a scandal-filled year for the publication.
AMI CEO David Pecker confirmed on Wednesday that the Enquirer, Globe, and National Examiner are for sale, following The Washington Post's report that AMI's controlling shareholder, Chatham Asset Management, wants to cut ties with the tabloids. A person familiar with the matter told the Post the firm's hedge fund manager is "disgusted" by the way the Enquirer operates.
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