Media Moves

Facing renewed scandal scrutiny, National Enquirer sold

American Media Inc. has sold off the 97-year-old tabloid The National Enquirer to VVIP Ventures, a joint venture between Vinco Ventures, Inc. and a360 Media, for an undisclosed price, said to be about $100 million.

The National Examiner and Globe, and the UK edition of the Enquirer, are also part of the sale.

The owners had been looking to sell the tabloid since at least 2019.

The new owners told the New York Times that the titles were sold for a “a little less” than $100 million and claimed the tabloids are profitable from its print and subscription sales. Moving forward, the plan is to expand into TV, film and podcasts as well as harness the new company’s digital ad network, reports CNN.

The Enquirer has been the subject of renewed controversy as former President Donald Trump faces possible charges surrounding efforts to a hide an alleged illicit relationship. The Enquirer allegedly aided Trump in a “catch and kill” effort to buy and then spike a story where, according to other news outlets, former porn star Stormy Daniels detailed her sexual relationship with Trump.

Read more here.

Mariam Ahmed

Recent Posts

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

10 hours ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

2 days ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

3 days ago

FT hires Moens to cover competition and tech in Brussels

The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…

3 days ago

Deputy tech editor Haselton departs CNBC for The Verge

CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…

3 days ago

“Power Lunch” co-anchor Tyler Mathisen is leaving CNBC

Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…

3 days ago