PITTSBURGH (KDKA) — Penguins Co-owner Ron Burkle has business investments in many places, but he is potentially adding a popular media outlet to his list.READ MORE: Pittsburgh Weather: Temperatures Rise Into The 20s, More Snow On The Way Sunday
According to the New York Times, Burkle is in talks to purchase The National Enquirer.
“Breaking: Ron Burkle, Billionaire Investor, Is Said to Be in Talks to Buy National Enquirer.”READ MORE: Staying Prepared: With Frigid Temperatures And More Snow On The Way, Stores Stocked Up
The California billionaire has specialized in buying distressed companies and selling them to make a profit or rebuilding them, the Times says.
Burkle became co-owners with Mario Lemieux in 1999 to save the Pittsburgh Penguins from bankruptcy.MORE NEWS: Study Finds Pennsylvanians Love Their Peach Pie
Burkle is also a major democratic donor, and is a close friend of former U.S. President Bill Clinton. The New York Times says this potential acquisition of The National Enquirer is particularly interesting because President Donald Trump has praised the Enquirer’s work in the past.