National Enquirer sold to group, including former MoviePass chair
In this photo illustration, celebrity gossip dominates the April 11, 2019 cover of the National Enquirer in Chicago, Illinois.
Scott Olson | Getty Images
The National Enquirer, a tabloid that has been at the center of many controversies involving former President Donald Trump, will be sold to a joint venture involving Theodore Farnsworth, former MoviePass chairman who has been facing criminal charges of securities fraud.
The Enquirer’s parent company, a360 Media, has agreed to sell the publication, along with other tabloid brands National Examiner, Globe and National Enquirer UK VVIP Ventures, to a joint venture consisting of Vinco Ventures and icon publishing, companies said Monday.
The price of the deal was not disclosed, but Farnsworth, founder of Icon Publishing, told The New York Times that it was just under $100 million. The National Enquirer has been on the block for about four years.
News of the deal comes a week after former National Enquirer publisher David Pecker and his lawyer were seen entering a Manhattan courthouse where a grand jury was meeting to determine whether Trump should be charged with an alleged silence money scheme against porn star Stormy Daniels. elections in 2016.
Pecker is known to have been friends with Trump. In 2018, in a separate case, federal prosecutors granted immunity to parent company National Enquirer for a $150,000 hush payment the tabloid made to Karen McDougal, a Playboy model who claims she had an affair with Trump.
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