The tabloid will be bought by a group that includes a company founded by Theodore Farnsworth. The alleged former chairman of MoviePass.
The National Enquirer tabloid. At the center of much of the controversy involving former President Donald Trump.
The Enquirer’s parent company, a360 Media, has agreed to sell the publication. Along with other tabloid brands National Examiner. The Globe and National Enquirer UK — to a joint venture of VVIP Ventures. Vinco Ventures and Icon Publishing, the companies said. monday
But Icon Publishing founder Farnsworth told The New York Times. That it was slightly less than $100 million. The national searcher has been on the block for almost four years. In November, prosecutors alleged Farnsworth and Mitchell Lowe, the former MoviePass CEO. Misled investors about the once-hot movie ticketing startup by saying. Its “unlimited” plan would be sustainable and profitable. . Rather, authorities said, the two men knew it was merely a marketing ploy. A spokeswoman for Farnsworth said her lawyers will fight the allegations until proven.
News of the deal comes a week after former National Enquirer publisher David Packer. And his attorney were seen entering a Manhattan courtroom. Where a grand jury was meeting to determine whether to indict. Trump for an alleged scheme to pay porn star Stormy Daniels. . 2016 elections. Pekar was reportedly a friend of Trump. He has been accused of pulling a “catch and mail” tactic. On stories seen as potentially embarrassing to Trump. That means, under his watch, the Enquirer will pay for stories about Trump and never publish them.
In 2018, for example, federal prosecutors granted the National Enquirer’s parent company immunity. Over a $150,000 hush-money payment to tabloid Playboy model Karen McDougal. Who claimed she had an affair with Trump.
