And this would be the ultimate "catch and kill"
Ron Burkle, Billionaire Investor, Is Said to Be in Talks to Buy National Enquirer
The owners of The National Enquirer are in talks to sell the tabloid to the California billionaire Ronald W. Burkle, according to two people with direct knowledge of the negotiations.
An acquisition of The Enquirer by Mr. Burkle, a Democratic donor with close ties to President Bill Clinton, could raise eyebrows in Washington given President Trump’s fondness for the tabloid, which he has praised on Twitter.
While representatives of The Enquirer, which is owned by American Media Inc., are deep in their negotiations with Mr. Burkle, the deal could still fall apart, according to the two people with direct knowledge of the matter, who spoke on the condition of anonymity to describe private talks. Representatives for Mr. Burkle did not immediately respond to a request for comment.
Mr. Burkle specializes in buying distressed companies and selling them at a profit or rebuilding them to increase their value. He made his initial fortune buying and selling supermarkets in his home state. In 1999, he helped buy the Pittsburgh Penguins hockey franchise out of bankruptcy. The team has won three Stanley Cup championships since then.
Is there any way of knowing whether the vaults are still loaded with valuables?
I'm not saying this is why Burkle would be interested, but why else would he want that old gossip rag? Surely it appeals more to the conspiracy theorists. I'd bet those who think that way are much more aligned with that guy in the White House.
If the vaults were still full, I would think that Bezos would be really interested in buying the Enquirer. He could leak out the vault contents, a story at a time, in the Washington Post and make himself a rich man as well as exacting a delicious revenge. (That 'rich man' is a joke, BTW.)Jim wrote: ↑Thu Apr 11, 2019 2:28 pm
Rolling Stone: ‘National Enquirer’ Sale: Who Gets the Trove of Trump’s Darkest Secrets?
The tabloid infamous for spiking bad news about Trump could sell its archive of unpublished stories about the president
Why would a retailer buy a collection of tabloids?Ending an association between a longtime friend of President Trump and the tabloid that favored him during the 2016 election, American Media Inc. is selling the National Enquirer for $100 million to James Cohen, CEO of Hudson News.
The supermarket tabloid, along with two sister publications, will be purchased by the head of the travel retailer known for its airport newsstands, according to people familiar with the agreement.
The decision to sell came after Anthony Melchiorre, the hedge fund manager whose firm controls AMI, became disillusioned with the reporting tactics of the Enquirer, which is overseen by David Pecker, Trump’s confidant dating back many years.
AMI has been under intense pressure because of the Enquirer’s efforts to tilt the 2016 presidential election in favor of Trump.
There's quite a lot of James Cohens, obviously, but it looks like the one who owns Hudson Media is a Democratic donor. Also spotted a donation to Cory Booker's Senate campaign.COHEN, JAMES ALPINE, NJ 07620 HUDSON MEDIA INC 08-28-2016 $17,300.00 DNC Services Corp (D)
Why would a retailer buy a collection of tabloids?
I would expect Pecker had a shredding party once AMI put the company for sale. Either that, or he already took it with him, since he may still feel a need to have them, just in case.
Why would anyone pay $100 million for the National Enquirer if the valuables are gone?Northland10 wrote: ↑Thu Apr 18, 2019 5:14 pmI would expect Pecker had a shredding party once AMI put the company for sale. Either that, or he already took it with him, since he may still feel a need to have them, just in case.
Given the nature of the business, however, some staffer may have already purloined a copy or two, for future use.
A lot of business owners do this. Hedging their bets, I suppose.
Are you successful if you take Daddy's Money and 50 years later have less than you started with when accounting for inflation? What about the millions of dollars of debt discharged in bankruptcy? I refer to Trump. I know nothing about James Cohen, but I wonder if his wealth is self-made.