Chutzpah: Enquirer Parent AMI Seeks 7-Figure Bailout

The Daily Beast reports:

Financially strapped American Media Inc., which under the leadership of chief executive David Pecker weaponized the National Enquirer to serve Donald Trump’s presidential campaign and then acknowledged violating federal campaign laws by paying $150,000 in hush money to an alleged Trump mistress, is applying for a taxpayer-backed Paycheck Protection Program loan.

On Tuesday, the company declined to disclose the amount of the loan request, but a knowledgeable media industry source told The Daily Beast that AMI has its hand out for between $5 million and $6 million in government money—much of which can be forgiven under the emergency PPP legislation if the company maintains its current payroll for at least eight weeks.

Read the full article. According to Wikipedia, AMI has 3160 employees. The PPP program is allegedly for companies with fewer than 500 employees.