Traditional media companies, the FCC’s “Future of Media Report” has nothing to offer you. [WSJ]
Time Warner is in talks to buy the American version of OK! magazine, which is like a British version of People, from owner Richard Desmond. [BSkyB]
NBCUniversal will pay Blackstone $1 B for their stake in Read More
New Editors, Moves
Chris Rovzar reported this morning that Mark Pasetsky is out as editor-in-chief of OK!, but he’ll stay on as a managing editor for now. Mr. Pasetsky, a former Life & Style editor, has been running the stateside edition of OK! for the last year. Before him the magazine had four editors in a Read More
Keith Kelly has called OK! magazine the most expensive magazine launch in the history of American publishing.
After the first 223 issues of the American edition, which began in August of 2005, losses total $175.7 million or $787,000 per issue through the end of 2009.
UK-based parent company Northern & Shell initially swept Read More
Britney Spears hasn’t exactly been everywhere lately. But in the universe of OK! magazine, the pop star rules. Her face is plastered all over OK!’s glossy pages and on their Web site: Britney returns from her European tour! She films an ad! She’s on a boat! None of these headlines were of great moment, Read More
Did OK!, the celebrity gossip magazine, really pay $1 million for exclusive rights to the Jamie Lynn Spears pregnancy story? US Weekly, a competing whisper weekly, seems to think so, going so far as to print the claim on the cover of US last week.
But, as an article in today’s Read More
In the wake of OK! magazine’s exclusive on Jamie Lynn Spears’ pregnancy, The New York Times writes about the growth of checkbook journalism–that is, paying sources for the rights to stories.
It’s hard to believe that, with competitive pressures increasing across the industry, the trend won’t soon migrate from celebrity journalism to Read More