New York (CNN Business) American Media Inc. is looking for a buyer for The National Enquirer.

The scandal-hungry tabloid, which has been beset by scandals of its own making in the past year, is on the block, along with American Media's other tabloid magazines.

American Media CEO David Pecker confirmed the plan on Wednesday after the Washington Post reported that the company has come under "intense pressure" to part ways with the Enquirer.

The pressure has come from the company's board of directors and from its controlling shareholder Chatham Asset Management, The Post reported. According to the newspaper, Chatham's managing partner Anthony Melchiorre was concerned about both "the financial difficulties of the tabloid business" and "the Enquirer's tactics."

In a statement on Wednesday evening, Pecker sidestepped The Post's reporting. He said American Media (AMI for short) has been "keenly focused on leveraging the popularity of our celebrity glossy, teen and active lifestyle brands while developing new and robust platforms including broadcast and audio programming, and a live events business, that now deliver significant revenue streams."