OK! Magazine Allegedly Up for Sale

The UK’s Media Week is reporting that British media mogul Richard Desmond plans to sell off several magazines, including the U.S. version of the celeb tabloid mag OK!. Unlike its successful UK counterpart–which apparently made a profit of £20 million last year–the U.S. version of OK! has been getting killed since it launched in 2005. OK! is published in 21 countries around the world, but Desmond is apparently trying to peel off the U.S. version and sell it separately.