The parent company of the National Enquirer, a celebrity tabloid that played a significant role in suppressing damaging stories about President Donald Trump during his election campaign, has sold the publication along with two of its stablemates, National Examiner and Globe, to VVIP Ventures.
The price of the cash deal was not disclosed.
The National Enquirer's parent company, A360 Media, admitted in 2018 that it used "catch and kill" practices to suppress stories about then-candidate Trump, but federal prosecutors agreed not to prosecute American Media Inc.
In November 2020, Theodore Farnsworth, the former chairman of MoviePass, became involved in VVIP Ventures.
Farnsworth, who was criminally charged with securities fraud that same month, said that the deal for Enquirer was worth about $100 million.
While The New York Times said that the tabloid has "a history of scandals," the Associated Press and The Independent highlighted the "catch and kill" practice specifically.