Time Inc. To Buy OK?
Time Inc. may be offering more than $30 million for OK magazine, which is rumored to be losing as much as $700,000 per issue, reports Folio.
The magazine has struggled in recent months, with both ad pages and circulation down. Last fall, management replaced editor in chief Mark Pasetky with Richard Spencer and hired Stephen Gregory Barr as publisher.
In fact, according to Ad Age, the magazine has struggled since its U.S. launch nearly six years ago.
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