One of the National Enquirer’s investors has hinted that it may start putting its money elsewhere after Amazon CEO Jeff Bezos accused the tabloid of extortion. New Jersey’s State Investment Council has called the Enquirer’s alleged extortion attempt “completely unacceptable” and said it’s considering other options for the state pension fund’s investment in Chatham Asset Management, which owns most of the publication’s parent company, Bloomberg News reports. “The allegations of AMI’s conduct, if true, are completely unacceptable and violate our expectations for investment partners,” Adam Liebtag, acting chairman of the investment council, wrote in an email, referring to the paper’s parent company, American Media Inc. “It is extremely disappointing that the Pension Fund, as an investor, and our beneficiaries, have to be linked to such a distasteful story.” Liebtag said the council has expressed its concerns to Chatham, which owns a majority stake in AMI. “While the investment has performed well to date, that is no excuse for this type of behavior,” he said. “We continue to explore all available options.” Bezos published emails last week that purportedly showed AMI’s chief content officer Dylan Howard threatening to publish compromising photos if Bezos didn’t halt his investigation into an earlier Enquirer exposé on his personal life.
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