David Pecker has reportedly resigned from his position on the board of Postmedia Network Canada Corp, a Canadian newspaper company, after increased scrutiny over his role in the affair concerning President Trump Donald John TrumpSteele Dossier sub-source was subject of FBI counterintelligence probe Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Trump 'no longer angry' at Romney because of Supreme Court stance MORE and hush-money payments made to multiple women.

"David noted that it is important for him to focus his efforts on ensuring that his businesses are best positioned for continued growth," lead director of Postmedia said in a statement, according to Bloomberg.

Pecker, the CEO of American Media Inc., which owns the National Enquirer, has been implicated in the payments tied to Trump's former lawyer, Michael Cohen.

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The Wall Street Journal reported last week that Pecker was granted immunity by prosecutors pursuing Cohen, who pleaded guilty to criminal charges last week.

Pecker reportedly helped prosecutors extract Cohen's guilty plea.

The Enquirer withheld a story about an alleged affair Trump had with former Playboy model Karen McDougal, for which the publication had paid her $150,000.

Among other charges, Cohen pleaded guilty to campaign finance violations, which included payments to adult film actress Stormy Daniels and a payment to an unnamed recipient for $150,000.