USA wholesaler James Cohen will be the new owner of the National Enquirer, Globe and National Examiner, according to a press release. AMI said it had reached an agreement in principle with Mr. Cohen to sell the titles.
According to a BBC article, “The sale terms were not disclosed but the Washington Post reported a sale price of $100 million.”
The BBC article goes on to say, “The sale of these brands shows their vitality in today’s newsstand marketplace where they continue to generate nearly $30 million in profit annually,” AMI chief executive David Pecker said.
AMI recently acquired the former NewsGroup USA wholesale agencies, as well as Co Mag, the USA’s largest national distributor, who recently had acquired Coast to Coast Newsstand Services in Canada.
