OK! Magazine

Mondo Times editors    Boulder, Colorado USA

Posted at 2:23pm on Tuesday, November 24th, 2009

The bottom has dropped out of the celebrity photo market, the Daily Beast reported on November 16, 2009:

"It’s also a world in which magazines are spending far more cautiously, as opposed to tossing money at every picture of an Olsen twin leaving her apartment.

“We make smart investments,” said Mark Pasetsky, managing editor of the American version of OK! magazine, which, earlier this year, was reportedly losing half a million dollars a week.

”I don’t believe in running a business where you just throw money to throw money out there.”

OK! still does, occasionally, throw. The fabloid recently paid $300,000 for the rights to Khloe Kardashian’s wedding, which it splashed on its cover."

http://www.thedailybeast.com/blogs-and-stories/2009-11-16/the-crash-of-the-britney-economy/

Mondo Times editors    Boulder, Colorado USA

Posted at 2:31pm on Friday, August 14th, 2009

Claire Coghlan is the new executive editor at OK! magazine. Previously Coghlan worked at Life & Style magazine.

Mondo Times editors    Boulder, Colorado USA

Posted at 11:07pm on Monday, June 29th, 2009

OK! is looking to cash in with its "Michael Jackson Death Cover," MediaWeek magazine reported on June 29, 2009:

"OK! Weekly is bracing for some flak over its pick for this week’s cover. While other publications went with feel-good images to commemorate Michael Jackson, OK! chose a grim photo of the dying star being whisked to the hospital June 25.

A knowledgeable source said British parent Northern & Shell paid the equivalent of roughly $500,000 in U.S. dollars for exclusive magazine rights to the photo in the U.S. and U.K."

The full story:
http://www.mediaweek.com/mw/content_display/news/magazines-newspapers/e3i3a983edc0e93a51bae9edfe5e1648f8a

Mondo Times editors    Boulder Colorado USA

Posted at 10:19pm on Monday, June 15th, 2009

It's not OK to be OK!, the New York Post continues to report:

"Richard Desmond's American version of OK! magazine is underwater, losing money at the rate of half a million dollars per week.

Numbers released by Company's House, the British clearinghouse for financial data from UK corporations, show that the US publishing operation lost $23.4 million last year, and it's estimated the magazine's losses will reach close to $130 million by the time it reaches its four-year anniversary in August.

That would put it on target to be one of the most expensive magazine launches in publishing history. By comparison, S.I. Newhouse Jr. is believed to have spent about $120 million in the 2½ years he financed Condé Nast Portfolio, only to fold it earlier this year."

The full story:
http://www.nypost.com/seven/06122009/business/taking_a_bath_at_ok__173836.htm