American Media on Friday said it "acted lawfully" in reporting the Amazon CEO Jeff Bezos infidelity story.
The publisher of David Pecker's National Enquirer had been accused by Bezos a day earlier of threatening to post sexual pictures that Bezos had texted to his mistress.
Bezos made the bombshell accusation in a blog post, wherein he accused American Media, or AMI, of blackmail and extortion.
"Of course I don't want personal photos published, but I also won't participate in their well-known practice of blackmail, political favors, political attacks, and corruption. I prefer to stand up, roll this log over, and see what crawls out," Bezos wrote.
Read the full statement here:
"American Media believes fervently that it acted lawfully in the reporting of the story of Mr. Bezos. Further, at the time of the recent allegations made by Mr. Bezos, it was in good faith negotiations to resolve all matters with him. Nonetheless, in light of the nature of the allegations published by Mr. Bezos, the Board has convened and determined that it should promptly and thoroughly investigate the claims. Upon completion of that investigation, the Board will take whatever appropriate action is necessary."
This story is developing. Please check back for updates.
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