Time Warner Makes Bid For OK! Mag
The American version of the British tabloid mag OK! has been up for sale since March. Looks like they may have finally gotten a bidder. According to Sky News, Time Warner has offered to pay between $30 and $35 million for the mag. Discussions are apparently ongoing between the American media giant and British media tycoon Richard Desmond.
While its British counterpart is quite successful, the American version of OK! has been something of a disaster since launching in 2005.
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