As a sale of the National Enquirer collapses, some wonder if the tabloid is too hot to handle
National Enquirer Remains in Limbo:
The collapse of a proposed 2019 $100 million sale of the National Enquirer and two other tabloids to Hudson News amid parent company American Media Inc.'s recent merger with "a distribution company specializing in products like face masks and hand sanitizer" has "raised questions for some industry observers as to whether the Enquirer had become too hot to handle," Sarah Ellison and Jonathan O'Connell of The Washington Post reported. Although a "significant sales drop-off" following the COVID-19 pandemic informed Hudson CEO James Cohen's decision to back out of the deal, sources told Ellison and O'Connell that a "lingering federal investigation" and potential liability for the alleged blackmailing of Jeff Bezos factored into the decision.