April 26, 2024

National Enquirer to Be Sold to James Cohen, Heir to Hudson News Founder

The first Hudson News outlet appeared at Newark Liberty International Airport in the 1970s when Mr. Cohen’s father acquired a newsstand out of bankruptcy. In 1987, a large, brightly lit Hudson News store opened at La Guardia Airport, with hundreds of publications from around the world displayed, their covers easily visible. That setup became the standard for the chain, and there are now more than 1,000 locations.

Recently, James Cohen founded a magazine company, Hudson Publishing. In 2016 he started a quarterly publication called Galerie with his wife, Lisa Fayne Cohen. Earlier this year, the magazine published a feature titled “Discover a Hamptons Dream House Filled With Modern Art.” Its subject was the Cohens’ East Hampton, N.Y., home. Ms. Fayne Cohen serves as the magazine’s editorial director.

Mr. Cohen and Ms. Fayne Cohen started a serious art collection in 2009. Their condominium at the Plaza Hotel has included works by the artists Willem de Kooning, Jean Dubuffet, Hans Hofmann, Joan Mitchell, George Condo and Mark Grotjahn.

In 2015 they threw a bat mitzvah for their daughter Jaclyn at a reported cost of over $1 million. The event, which took place under a tent at their home in northern New Jersey, featured the singer Nick Jonas, who performed six of his hits for a reported $300,000.

Mr. Cohen, who did not respond to requests for comment, has a tabloid connection. His late sister, Claudia Cohen, was a gossip writer for both The Daily News and The New York Post. She was married to the Revlon billionaire Ronald O. Perelman.

In 2014, years after Claudia Cohen’s death, Mr. Cohen was sued by her daughter Samantha Perelman and accused of edging her out of an inheritance from the Hudson News fortune. Ms. Perelman claimed her uncle had unfairly manipulated her dying grandfather to cut her out of his will.

Article source: https://www.nytimes.com/2019/04/18/business/media/national-enquirer-james-cohen-hudson-news.html?partner=rss&emc=rss

Speak Your Mind