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A NEW TOUCH AT OK: It wasn’t long after Mark Pasetsky was named managing editor of OK magazine in October 2009 that insiders started to predict who would succeed him. It’s unclear if this is from personal issues with Pasetsky or simply due to the magazine’s roller-coaster newsstand sales (the title’s much-hyped cover featuring Hilary Duff only sold 290,000 copies on newsstands, said one source).
On Monday, Pasetsky’s reign at OK officially ended and Richard Spencer, former editor of In Touch Weekly, stepped in. Spencer famously stormed out of In Touch in January, as the magazine was on deadline, a departure that was said to be related to his compensation. A spokesman for OK said Spencer was not able to comment on his new job Monday, as he is already busy closing his first issue. One insider noted that Spencer’s noncompete from Bauer Publishing, publisher of In Touch, ended on Friday.
Pasetsky, who hasn’t been spotted in the office for over a week, remains on staff and is in talks over his potential new role. One source said Pasetsky’s removal from the top spot was unavoidable, as the last four weeks of sales have been in the low 200,000 range. However, another source claimed last week’s issue sold 450,000 copies. According to Audit Bureau of Circulations, OK was down 9.5 percent on the newsstand for the first half of the year, to an average of 360,180, but it wasn’t the only celebrity weekly to decline in single copy sales.
Meanwhile, another weekly reported an editor change on Monday. Time Out New York is on the hunt for a new editor in chief to succeed Michael Freidson, who is departing for an opportunity in London. Freidson told WWD he couldn’t talk about it yet but he’ll remain in the media business. — Amy Wicks