New York-based American Media is buying OK! Magazine from Northern & Shell PLC, owned by British media mogul Richard Desmond. http://online.wsj.com/article/APc49e34ae3e9b40d69882df9da68c37e0.html The American edition of the British entertainment magazine OK! has been sold to American Media, publisher of National Enquirer. http://www.digitaljournal.com/article/308340