Son Of National Enquirer Founder Wants To Buy Supermarket Tabloid

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Son Of National Enquirer Founder Wants To Buy Supermarket Tabloid
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One of the sons of the late National Enquirer owner Generoso Pope Jr. said he is lining up partners to buy the supermarket tabloid from its cash-strapped current owner

Paul David Pope, one of the sons of the late National Enquirer owner Generoso Pope Jr., said he is lining up partners to buy the supermarket tabloid from its cash-strapped current owner American Media Inc. under fire for its role in paying off a former a Playboy model who claimed to have an affair with President Trump.

“I am the only person … by virtue of my birthright and osmosis and growing up in this family business … that could resurrect it to some extent,” said the 51-year-old Pope in an interview. “Nobody would be able to bring back the Enquirer to where my father had it. That’s impossible…”the company sold between 5.5 million to 6 million copies per week and generated profits in “the three figured millions,” he said. Circulation dropped to almost 250,000 last year when AMI posted a loss of $72 million.

Logical buyers such as People magazine parent Meredith and TAT&T’s WarnerMedia division which owns TMZ.com, likely won’t be interested in taking a chance on the money-losing Chatham Asset Management demanded that it be sold. Both Meredith and WarnerMedia declined to comment for this story.report that he was “deep in negotiations” about acquiring theon Thursday that “We aren’t buying it.” A spokesperson for Yucaipa couldn’t be immediately be reached for comment.

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