Monday, May 20, 2024

National Enquirer Sold for $100 Million to Hudson News, Which Can Give It Prominence on Their Newsstands

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So Hudson News did buy the National Enquirer, the Globe, and something called the National Examiner. Jimmy Cohen paid David Pecker, publishing’s lone wolf survivor, $100 million for garbage, basically.

Pecker is a genius. I’m not kidding. He unloads lawsuits, federal investigations, and the stink of all the bad juju that comes with the Enquirer. He’s out of the newsprint business.

Pecker can now concentrate on his Wenner mags– US Weekly and Men’s Fitness– plus his Bauer Brands like InStyle and Closer, and his own Star magazine.

Cohen’s Hudson newsstands will now be featuring totally Fake News in every airport, train station, supermarket they can get their hands on. Maybe he can cross pollinate with his wife, Lisa Cohen’s, upscale Galerie Magazine, or his partner Sandow Publications’s Luxe magazine.

And now Pecker has $100 million to on the hunt for more upscale brands himself. He nailed this one, boy. Bravo!

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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