Could Anthony Melchiorre’s Chatham Asset Management be readying a bid to buy out Jimmy Cohen’s Hudson News magazine wholesale distribution business? “I wouldn’t be surprised if it happens in the third or fourth quarter,” said one veteran of the magazine circulation wars. Indeed, two industry execs believe the deal will get done. This week, Chatham-backed American News Co. bought out struggling national wholesaler Curtis Circulation. But sources think the dealmaking and consolidation by the secretive hedge fund boss is far from over.