• Folio, Tuesday, May 12, 2009 12 AM

Katie Caperton is out of a job only two months after being promoted to the top editorial slot at celebrity magazine OK! An executive team, made up primarily of former consultants, will manage the magazine's "new initiatives and goals," say reps.

As part of the shake-up, OK! named Juliet Gray its East Coast executive editor and Jason Oliver Nixon creative director. Earlier this month, the magazine's London-based publisher Northern & Shell hired Gray as a consultant on the business-side operations and brought on Nixon, the former editor of Niche Media's Gotham, to advise editorial.

The aim is to add individuals to the team who "strengthen Hollywood access and emphasize OK!'s enhanced sensibility and style," says the company. The magazine says its ad pages are up 18% year-to-date and its market share has grown more than 5% during that period.

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