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David J. Pecker
American businessman

David J. Pecker

The basics

Quick Facts

Intro
American businessman
Gender
Male
Place of birth
The Bronx, New York City, New York, USA
Age
73 years
Education
Pace University
Manhattan, New York City, USA
Employers
a360media
USA
The details (from wikipedia)

Biography

David Jay Pecker (born September 24, 1951) is an American publishing executive and businessman, who was the CEO of American Media until August 2020. He was the publisher of Men's Fitness, Muscle and Fitness, Flex, Fit Pregnancy, Shape and Star. He was also the publisher of National Enquirer, Sun, Weekly World News, and Globe.

In 2018, Pecker became embroiled in controversy regarding his involvement in a catch and kill operation to buy exclusive rights to stories that might embarrass his friend Donald Trump, to prevent the stories from becoming public during the latter's 2016 presidential campaign.

Early life

Pecker was born on September 24, 1951, in The Bronx, New York City. He is of Jewish descent. His father was a bricklayer who died in 1967 when Pecker was 16. To support his mother, he started bookkeeping for local businesses in New Rochelle, New York and in the Bronx. He graduated from Pace University.

Career

After college, Pecker began his career as an accountant at Price Waterhouse and in 1979 joined the accounting department at CBS's magazine division, rising to vice president and comptroller. Eight years later, CBS sold its magazine division in a leveraged buyout to its manager, Peter Diamandis; Pecker stayed on in his position . Diamandis later sold the magazines to Hachette Filipacchi Médias. After Diamandis's departure three years later, Pecker was appointed CEO at Hachette Filipacchi Media U.S. In 1999, Pecker left Hachette when he raised capital from Thomas H. Lee Partners and Evercore Partners to buy American Media, Inc. (AMI), publisher of the Star, the Globe, the National Enquirer, and the Weekly World News.

During his time as chairman and chief executive officer of AMI Pecker was publisher of the magazines Men's Fitness, Muscle and Fitness, Flex, Fit Pregnancy, Shape and Star, as well as the supermarket tabloids National Enquirer, Star, Sun, Weekly World News, Globe. Sun and Weekly World News have ceased publication. In 2019, Pecker announced that he had agreed drop more of AMI's tabloids and sell the National Enquirer, Globe and National Examiner to Hudson News.

Pecker is on the board of directors of iPayment Holdings, Inc., Sunbeam Products, Inc. and Next Generation Network, Inc. In August 2018, after his interactions with President Donald Trump were heavily reported, Pecker resigned as a director of Postmedia Network Canada Corp., a Canadian media company, a position he had held since October 2016.

In 2016, Pecker revealed to the Toronto Star that American Media Inc. now relied on support from Chatham Asset Management and its owner Anthony Melchiorre due to financial troubles. By the time Pecker agreed to sell the National Enquirer on April 10, 2019, Chatham Asset Management owned 80 percent of American Media Inc's stock. Melchiorre, who expressed dismay towards the National Enquirer's scandals involving assistance to Trump's 2016 Presidential campaign and blackmail of Jeff Bezos, was also instrumental in forcing Pecker and American Media Inc. to sell the National Enquirer as well.

AMI removed Pecker as CEO in August 2020, keeping him on in the role of executive advisor. Simultaneously, the company was renamed a360Media in anticipation of a merger with another Chatham property, the logistics firm Accelerate 360.

Involvement with Donald Trump

Beginning in March 1998, Hachette Filipacchi Media U.S., of which Pecker was then CEO, began producing Trump Style, which was distributed to guests at Donald Trump's properties. Pecker has described himself as a close friend of Trump. Pecker supported Trump's initial run for president as part of the Reform Party in 2000.

In an August 2014 meeting at Trump Tower, Pecker offered to Trump that he would use the National Enquirer to catch and kill any allegations of sexual affairs against him. AMI would even personally facilitate payment to Karen McDougal.

Trump's lawyer Michael Cohen requested that Pecker's AMI buy the rights to Stormy Daniels's story, though Pecker reportedly refused to do so.

By 2018, Pecker and AMI found themselves under investigation for using catch and kill payments, in which AMI purchased the exclusive rights to stories that might have been damaging to Trump's 2016 campaign for President and then refused to publish them. Such a tactic may have represented illegal and/or undeclared "in-kind" campaign donations under Federal Election Commission rules.

In March 2018, Karen McDougal filed a lawsuit against American Media in Los Angeles Superior Court, aiming to invalidate the non-disclosure agreement preventing her from speaking about an alleged affair with Trump. Pecker had directed AMI to purchase the exclusive rights to the story for $150,000 in 2016, allegedly to keep it from the public. In April 2018 the lawsuit was settled and McDougal was released from the agreement. AMI also agreed to feature her on the cover of another AMI magazine, Men's Journal, in September 2018.

In April 2018, FBI agents searched the office and residences of Michael Cohen, in part to search for evidence of Trump's involvement in the payment to McDougal. In July 2018, a tape became public which confirmed this payment; the tape was secretly recorded by Cohen during a conversation with then candidate Trump in 2016.

In late 2015, AMI paid $30,000 to Dino Sajudin, a doorman at Trump Tower, to obtain the rights to his story in which he alleged Trump had an affair in the 1980s that resulted in the birth of a child. Sajudin in April 2018 identified the woman as Trump's former housekeeper. AMI reporters were given the names of the woman and the alleged child, while Sajudin passed a lie detector test when testifying that he had heard the story from others. Shortly after the payment was made, Pecker ordered the reporters to drop the story. In April 2018, AMI chief content officer Dylan Howard denied the story was "spiked" in a catch and kill operation, insisting that AMI did not run the story because Sajudin's story lacked credibility. CNN obtained a copy of the contract between AMI and Sajudin in August 2018, after AMI had released Sajudin from the contract. CNN published excerpts of the contract, which instructed Sajudin to provide "information regarding Donald Trump's illegitimate child", but did not contain further specifics of Sajudin's story.

Federal investigators subpoenaed Pecker and AMI in April 2018, with Pecker providing prosecutors details about the hush payments Cohen had arranged. In August 2018, Pecker was also granted witness immunity in exchange for his testimony of Trump's knowledge of the payments.

On February 27, 2019, Cohen testified under oath to the House Oversight Committee that he and Pecker conspired to "catch-and-kill" stories which had the potential to damage Trump.

On April 22, 2024, Pecker was the first witness to testifyin Trump's New York criminal trial after being subpoenaed by prosecution, with the case being centered around the Stormy Daniels allegations. Pecker testified that the National Enquirer engaged in a practice of "checkbook journalism" which involved paying sources for stories, and that he "gave a number to the editors that they could not spend more than $10,000" and he had final say over celebrity stories, though he did not discuss his relationship with Trump during his first day of testimony. However, he would acknowledge that he had a private email address set up for things he didn't want his assistant to see and also revealed some of the last four digits of the multiple phone numbers he had during the time period of the allegations from 2015 to about 2017. Prosecutors have accused Trump, Pecker and Michael Cohen of being the three most important figures in a scheme which involved covering up some affairs Trump had with women, though Pecker was not formally charged with any wrongdoing.

Accusations of extortion by Jeff Bezos and Ronan Farrow

In January 2019, Pecker's National Enquirer published what it called "sleazy text messages and gushing love notes" between Amazon CEO Jeff Bezos and Lauren Sánchez, a sexual partner at the time, now his fiancée. Bezos began investigating how his personal communications reached the paper. The next month, Bezos accused the National Enquirer of extortion and blackmail by threatening to release Bezos' intimate pictures, criminal accusations Pecker denied through an attorney. Bezos wrote that AMI proposed in writing that Bezos state publicly that he and his security consultant "have no knowledge or basis for suggesting that AMI's coverage was politically motivated or influenced by political forces." In return, AMI would withhold publication of the pictures.

Both AMI and the Manhattan prosecutor launched reviews of the accusations. Any violation of law by AMI would constitute a breach of the immunity agreement the company reached with prosecutors in 2018 after the paper agreed to "catch and kill" a story on behalf of then-candidate Donald Trump. Ronan Farrow, a journalist, said he and another journalist received similar demands from AMI.

Personal life

In 1987, Pecker married Karen Balan.

The contents of this page are sourced from Wikipedia article. The contents are available under the CC BY-SA 4.0 license.
Frequently Asked Questions
FAQ
Who is David J. Pecker?
David J. Pecker is an American businessman and the CEO of American Media, Inc. He has been involved in the publishing industry for several decades and has been a key figure in tabloid journalism.
What is American Media, Inc.?
American Media, Inc. is a publishing company based in New York City. It owns and operates various media brands, including tabloid magazines such as the National Enquirer, Star, and Us Weekly. It is known for its sensationalized and celebrity-focused content.
What is David J. Pecker's role in the National Enquirer scandal?
In 2018, David J. Pecker and American Media, Inc. became involved in a scandal related to President Donald Trump and his alleged extramarital affairs. It was revealed that Pecker and the National Enquirer had paid hush money to suppress stories about these affairs, leading to accusations of illegal campaign contributions. Pecker and American Media, Inc. cooperated with federal prosecutors as part of a non-prosecution agreement.
What other businesses has David J. Pecker been involved in?
In addition to his role at American Media, Inc., David J. Pecker has been involved in various other ventures in the media and publishing industry. He has served on the board of directors for companies such as HSN, Inc., and Media Bank. He also has interests in real estate and has developed luxury residential properties in Florida.
What is David J. Pecker's net worth?
As of 2021, David J. Pecker's net worth is estimated to be around $10 million. However, it's important to note that net worth can fluctuate based on various factors such as business ventures, investments, and market conditions.
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