American Media Inc. (AMI) has purchased the United States version of OK! magazine, according to The Wall Street Journal. FishbowlNY recently reported on the rumor that Time Inc. was going to purchase it, but it looks like that deal fell through. As for structural changes at AMI, there will be a few:

The U.S. edition of OK!, which is based in New York, will relocate to AMI’s new headquarters in the city. Staffing decisions are still being evaluated. Executives said print-ad sales for OK! and Shape will be handled by a single team but that OK! would retain its distinct tone and celebrity-friendly approach.

Now all AMI has to figure out is how purchasing a money-losing title will help the company. If you have suggestions you should email them. We bet they’re open to any ideas.