https://www.nationalreview.com/2018/08/immunity-agreements-for-american-media-executives-shore-up-cohen-case/
There is almost certainly much less here than meets the eye.
There is always a lag between when things happen and when we learn about them through media reports. That is important to bear in mind when there are breathless news accounts of the kind that broke on Thursday: the revelation that federal prosecutors in New York granted immunity from prosecution to David J. Pecker, the chairman and CEO of American Media Inc. (AMI) and longtime friend of Donald Trump.
American Media controls the National Enquirer, which was deeply involved in the hush-money payments to two women who allege that they had extramarital liaisons with Donald Trump a dozen years ago and whose silence was purchased when they sought to sell their stories prior to the 2016 election. Naturally, coming on the heels of Tuesday’s guilty plea by Michael Cohen to campaign-finance offenses arising out of those two transactions, there was frenzied speculation that the investigation is heating up, with the noose tightening around the president
In reality, there is almost certainly much less here than meets the eye. In short, while we are just now learning that Pecker and his subordinate, Dylan Howard, were granted immunity, this appears to have happened many weeks ago — to be precise, shortly after search warrants were executed in April on the office and residences of Cohen, President Trump’s former lawyer. Back then, prosecutors did not know whether Cohen would fight them or plead guilty. They needed Pecker and Howard in order to tighten up the case against Cohen, not necessarily to make a case on the president.
Perusing the Wall Street Journal, New York Times, and Vanity Fair reports (here, here, and here), we find something important is missing: They don’t tell us when Pecker and Howard got immunity. But we get a hint. The Times tells us: “In spring 2018, prosecutors subpoenaed communications between Mr. Pecker and Mr. Howard.” We also know that information from Pecker and Howard is reflected in the eight-count criminal information filed against Cohen, which refers to them, respectively, as “Chairman-1” and “Executive-1.” (AMI is “Corporation-1” and the Enquirer is “Magazine-1.”)