WSJ Reporter on MSNBC: It's 'Very Likely' National Enquirer Would Have Collapsed if Pecker Didn't...

WSJ Reporter on MSNBC: It’s ‘Very Likely’ National Enquirer Would Have Collapsed if Pecker Didn’t Flip

by Tamar Auber | Aug 25th, 2018, 5:38 pm

On Saturday, Lukas Alpert, a media reporter for the Wall Street Journal, joined MSNBC’s David Gura to discuss the David Pecker‘s decision to cooperate with prosecutors and discuss his involvement in hush money deals involving Michael Cohen and Donald Trump.

According to Alpert, the top National Enquirer boss’ decision to flip and accept an immunity deal may have been driven, at least in part, by financial woes at the National Enquirer and its parent company.

“The bigger company is the American Media Inc., it’s a holding company, it encompasses the National Enquirer, as it’s flagship, US magazine, Life & Style, In Touch,” Alpert told Gura, stressing it was a print-heavy company whose magazines line supermarket checkouts.

“This is newsstand driven, it is print — a very fast declining segment of the media industry,” he continued on. “They have been in bad shape financially, they have a very large debt load, they are close to a billion dollars in debt. They just acquired new publications and they are in the middle of a big refinancing.”

He then said that an indictment of the company’s CEO could have well proven to be a fatal blow to the struggling company.

“So if he is indicted in the middle of all this, it’s very likely that the company collapses,” The WSJ reporter explained. “It would be very hard for them to continue.”

video
https://www.mediaite.com/tv/wsj-reporter-on-msnbc-its-very-likely-national-enquirer-would-have-collapsed-if-pecker-didnt-flip/