Time Warner Rumored to Offer $35 Million for OK! Magazine

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By Chris O'Shea Comment

Time Warner is rumored to have offered between $30 and $35 million for the United States version of OK! magazine. According to Sky News the timing for the acquisition might be right, as the owner of OK! – Richard Desmond – is looking to sell off his newspaper and magazine titles.

Talks are in the early stages right now, so Sky News doesn’t have any insight into whether Desmond considers the offer appropriate.

OK! would be a natural fit for Time Warner if the deal does end up going through. It already publishes celebrity-focused titles People and InStyle, and despite OK! leaning more toward a tabloid, there always seems to be an audience for that kind of thing.

On that note, FishbowlNY would like to announce that we’re having a baby! It’s going to have fins and legs! Alright, aside from that being extremely creepy, it’s also not true, we just got caught up in the OK! spirit.

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