National Enquirer planning to move back to Boca Raton

The AP reports:

The National Enquirer is moving its editorial headquarters back to Florida in a cost-cutting move after a year in New York.

American Media Inc., the Enquirer's parent company, is also reinstating the tabloid's former editor-in-chief, David Perel, AMI Chairman and Chief Executive David Pecker said. The weekly magazine had been led by a British editorial team for the past year.



``The magazine industry has become very competitive over the past year. I had to make some very prudent business decisions,'' Pecker said.

The move back to Boca Raton in May will cut AMI's rent and salary costs by $10 million.

One wonders why virtually anyone has headquarters in New York city with this kind of cost differential.