NEW YORK — Eight months after former Hachette Filipacchi CEO David Pecker left the French publishing giant to take an ownership stake in National Enquirer-parent company American Media Inc., Pecker has cornered the market on supermarket tabloids.
American Media — which in addition to the Enquirer owns the Star and Weekly World News — has acquired Global Communications Corp., owner of rival tabs the Globe, Sun and National Examiner, in a deal worth $105 million.
Pecker called the newly combined company “one of the largest publishers of celebrity-driven content in the world.”
Since taking over the reins of the Enquirer, Pecker has tried to take the tabloid upmarket, focusing almost exclusively on the lives of celebs. Meanwhile, alien abduction and Elvis sightings stories have found homes in the Enquirer’s sister publications.
“American Media’s goal is to differentiate and distinguish each of the print publications from one another,” Pecker said. “That same strategy will apply to the Globe properties.”
As part of the deal, American Media will consolidate the two company’s Florida-based properties and move the headquarters from Lantana to Boca Raton.