The publisher of the National Enquirer, currently under attack by
Amazon.com Inc. founder
Jeff Bezos, has been facing steep financial losses that have left the once-loyal keeper of
Donald Trump’s secrets with more than $1 billion in
debt and a negative net worth.
The closely held
American Media Inc. -- led by the president’s longtime friend, David Pecker -- recorded a $31.5 million loss in the six months that ended Sept. 30, according to documents reviewed by Bloomberg. That marked an improvement over the previous year, but nonetheless brought the company’s total losses over the last 5 1/2 fiscal years to $256 million. AMI owed about $203 million more than its assets were worth.