Time Inc. Offers Millions For OK!, Though It's Only Worth About $2.99

Time Inc. has offered a hefty sum, but not quite as much as the $30 million to $35 million figure reported recently, for the U.S. edition of OK!. It's a surprising move, considering that the company already owns People and OK! is hemorrhaging money. New ownership may be just what the mag needs, but we hope this won't affect OK!'s coverage of things that happened in the Twilight books that may or may not be happening to Robert Pattinson and Kristen Stewart in real life.