It totally sucks right now to be OK!.

Not only is the magazine battling its competitors for the best Teen Mom cover, but according to New York Post, it’s losing a reported $700,000 a week and missing its rate base. And, in the biggest shocker, that Hillary Duff wedding exclusive completely tanked on the newsstand.

Keith Kelly reports:

“Richard Desmond, the chairman of the magazine’s London parent company, Northern + Shell, is said to be growing impatient with editor Mark Pasetsky. And it did not help that the five-year anniversary bash in Los Angeles last week did not exactly attract an A-list crowd. Desmond, who flew in from London, had expected to rub elbows with the beautiful people.”

You mean a Step Up: 3D actress and C-list reality stars don’t count?