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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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US Ok! Magazine Is NOT OK!

Filed under: Media MinuteBusiness BlitzBookz

ok magazine is not ok

Looks like there's some a lot of question as to whether or not the US version of Ok! Magazine is actually gonna be O-K.

Ever since an American edition of OK! was brought to the US in 2005, the company has lost $218.3 million! AND based on recent financial results from their parent company Northern & Shell, it looks like the mag was losing nearly $500,000 a week in the most recent fiscal year. Yikes!

Time Warner had expressed interest in acquiring the American version of the magazine, but now it seems like they're not feeling it anymore.

Here's what a source had to say about Time Warner's loss of interest in the mag:

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Superman Renouncing His U.S. Citizenship Causes Backlash!

Filed under: Wacky, Tacky & TruePolitik

backlash over superman renouncing us citizenship

A little over a week ago, Superman renounced his U.S. citizenship in DC's Action Comics #900, when he was "scolded by a member of the president's security staff for appearing at a protest in Iran, with the notion that Superman's actions reflect the positions of U.S. government as a whole."

The Man of Steel had the following to say about it at the time:

"I'm tired of having my actions construed as instruments of U.S. policy."

It was def a controversial move, and now the backlash is growing against the superhero, D.C. Comics, AND parent company Time Warner.

Boycott threats against Time Warner as a whole have begun, and apparently they're being taken seriously because DC Comics reportedly "may be rethinking the story line."

Guess Superman will have to head over to the Fortress of Solitude to think this one over. LOLz.

Do U think Superman should stick to his guns? Or would U prefer he return to his patriotic ways?

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Time Warner's iPad App Crashes On First Day

Filed under: Tech Talk

TWC App Crashes First Day

This could be viewed as both a good and a bad thing!

For one, the high demand of the live TV streaming app is pretty awesome for giant Time Warner. Yet, the fact that they didn't properly gauge the demand and stress test the app might be seen as dropping the ball!

Digital communications director Jeff Simmermon had this to say:

"The demand was overwhelming, in more ways than one. At about 8 o’clock last night the app crashed under a much heavier load than we anticipated. Our engineering team is working as hard as they can to put a fix in place and get everything up and running as soon as they can."

On Tuesday there were nearly 80,000 downloads of the app. Wow!

TWC spokesman Alex Dudley had this to say about it:

"We figured there would be demand for this, but we're blown away by its popularity, and we're pleased that our customers are pleased. We're not surprised that some content companies have issues with this, but the only issue our customers are asking about is why they can't do this outside their home, and we think that's really a question for the content providers."

We're not sure that customers were too pleased, seeing as it crashed, and there have been mixed reviews about other functionality beyond the crashing issue, including audio problems.

But, we say give it time! Once they have it up and running fully, we bet it'll be awesome!

So, dear readers, did U download the app?? Give us a review of it!

[Image via WENN.]

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CNN Wants Katie Couric!

Filed under: TV NewsKatie Couric

cnn wants katie couric to join their network

CNN really wants you, Katie Couric, and it looks like they're willing to make the effort to steal you away from CBS and win you over!

Jeff Bewkes, the CEO of CNN's parent company Time Warner has said that CNN has the money "to pay for some of the biggest talent in TV news…"

Here's what the head of CBS, Les Moonves, had to say about it:

"The Katie Couric deal will be the last big deal of that kind ever done. Those days are over."

More from Moonves:

"People are getting the news elsewhere. When there were only three networks, you did have that public service component, where we were informing America. Now, there is nothing that Katie Couric is saying that everybody doesn't know already."

CNN's Bewkes doesn't seem to be on the same wavelength. When asked if he's putting a cap on salaries for talent, here's what he had to say:

"Absolutely not. Let the word go out."

Should be inneresting to say how this plays out.

We're thinking we'll be seeing Couric on CNN, sooner than later.

Do U think Katie Couric will make the move to CNN?

[Image via WENN.]

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Katie Couric May Make Awkward Return To Today Show

Filed under: TV NewsKatie Couric

katiecouric930e.jpg

Well, this is going to be a disappointment for whoever orchestrated Katie Couric's Farewell Party when she first left the Today show. All that work for nothing!

It looks like Katie Couric may leave the CBS Evening News when her contract is up at the end of May, and she may return to her old stomping grounds…NBC's Today show.

Couric has also been in touch with Time Warner chairman Jeff Bewkes.

If Today doesn't work out, maybe they'd have a home for her at CNN, which is part of the Time Warner empire. Whatever she chooses to do, it seems like she's got options.

Where would U like to see Couric end up? Do U think she should return to the Today show?

[Image via WENN.]

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