facebook
twitter
rss
account
search
search
 

Trade newspaper Variety up for sale

March 23, 2012 at 10:13 PM   |   Comments

LOS ANGELES, March 23 (UPI) -- Reed Business Information has announced it is selling its more than century-old U.S. entertainment trade publication Variety.

"Variety is an iconic title serving the film and entertainment industry for more than 100 years," said Mark Kelsey, chief executive of Reed Business. "With RBI's increasing focus on data services, and the sale of our other U.S. print magazines, it now makes sense for us to sell the business. Variety has an incredibly talented team who have successfully innovated and expanded the franchise in industry news and analysis. I have no doubt the business will continue to thrive under new ownership."

The New York Times said the decision comes as the newspaper faces fierce competition from other entertainment news outlets, particularly on the Internet.

Variety, founded in 1905 by publisher Sime Silverman, is the only remaining daily print publication devoted to entertainment industry coverage, the Los Angeles Times said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Jennifer Aniston and Justin Theroux have set a wedding date Jennifer Aniston and Justin Theroux have set a wedding date
2
Kristen Stewart to take a break from acting Kristen Stewart to take a break from acting
3
Emma Stone explains why she kept ruining 'Birdman' Emma Stone explains why she kept ruining 'Birdman'
4
'Bewitched' to return to television in follow-up series 'Bewitched' to return to television in follow-up series
5
Melissa Rivers to inherit $100M in cash and assets from Joan Rivers Melissa Rivers to inherit $100M in cash and assets from Joan Rivers
Trending News
Around the Web
x
Feedback