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 under which his company would buy exclusive rights to stories that might embarrass his friend Donald Trump, the idea being to prevent those stories from becoming public during the latter's 2016 presidential campaign.
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Early life
David Jay 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 New Rochelle High School in 1969 and enrolled at Westchester Community College. After transferring to Pace University, he graduated in 1973.
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 to 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 2015 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 refused to do so. However, it was later alleged that Pecker did in fact alert the Trump camp about Daniels going public with her sex affair allegation, which in turn would lead to a $130,000 hush money payoff.
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.
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 wife. 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's 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.
In April 2024, Pecker acknowledged that checkbook journalism was a part of his editorial philosophy, and that he also believed that “The only thing that is important is the cover of a magazine.”