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Kris Jenner's Need For Kontrol Kills Kardashian Magazine Deal

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Bummer.

American Media Inc. has put the kibosh on creating a magazine devoted to the Kardashians and it's all Kris Jenner's fault!

The momager was demanding

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Are These Mock-Ups For The New Kardashian Magazine??

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And so the Kardashian Kraze Kontinues!

We reported last week that the reality family was negotiating a contract with American Media Inc. to launch their own magazine, and now, three "editorial mock-ups" for a K3mag.com have surfaced, suggesting that the publication is coming much sooner than initially thought - except it's owned by Canadian company Comminiqis!

Ch-ch-check 'em out (above)!

Inneresting!

However, according to Communiqis’ founder Brian Rushton Phillips, no deal is in place, meaning American Media way secure a contract still!

He explains:

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The Kardashians Are Pitching Their Own Magazine

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Talk about overexposure!

The Kardashians are said to be in talks with American Media Inc. to create their very own magazine dedicated to themselves.

Shocking, right?

According to various sources

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OK! Magazine Sold To National Enquirer Parent Company

Filed under: Media MinuteBusiness Blitz

OK! Enquirer Covers

Earlier we reported OK! Magazine was anything but okay. However, things are looking a little more optimistic!

Since the magazine launched on American soil, the company lost $218.3 million AND was losing $500,000 a week in the most recent fiscal year.

Time Warner had interest in buying the magazine, but faded presumably after looking at how much money OK! was losing every week.

Fortunately for the gossip magazine, American Media Inc. — home to the National Enquirer and Star — has agreed to make the purchase and plans to continue publishing it!

Sounds like a lot of nervous employees will get to keep their jobs, which is always a good thing, but now it's a matter of making some money!

Do U think the OK! can turn a profit under new management?

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AMI Files For Bankruptcy!

Filed under: Icky Icky PooBusiness Blitz

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Another one bites the dust!

American Media Inc., which is the parent company of The National Enquirer and Star magazines, as well being in charge of all non-editorial functions involving Playboy magazine, has filed for Chapter 11 bankruptcy while it reorganizes!

According to reports:

“The Boca Raton, Florida-based publisher listed assets of less than $50,000 and debt of as much as $1 billion in its Chapter 11 filing today in U.S. Bankruptcy Court in Manhattan. A separate petition of operating subsidiary American Media Operations Inc.’s lists assets of $100 million to $500 million and debt of more than $1 billion. It terminated a previously proposed debt-exchange offer and announced on Nov. 1 that it would undertake a pre-packaged Chapter 11 filing."

Chairman and chief executive David Pecker said in a statement:

"The company is engaging in this strategy from a position of financial strength and confidence.”

Wow!

Seems like that at least have some sort of plan, though!

Best of luck!

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