Pecker explained how he spoke to Cohen to tell him that American Media Inc. would not be purchasing Daniels' story.
"I am not purchasing this story," Pecker said he told Cohen at the time. "I am not going to be involved with a porn star."
Cohen then told Pecker that the boss would be furious with him. Pecker said earlier in his testimony that Cohen referred to Trump as "the boss."
"We’re not paying out any more monies," Pecker said he explained.
Pecker said that former editor-in-chief of the National Enquirer, Dylan Howard, continued to talk to Cohen about the story, against Pecker's orders. Howard was upset about Cohen's negotiations with Daniels' attorney Keith Davidson.
According to Pecker, Howard said Cohen was going to wire the funds to Davidson twice, but never did. Howard was concerned he'd look bad to his two top sources over Cohen's behavior.