
Asking Price for Variety? $30 Million or Less
Keith Kelly at the Post reports that Reed Elsevier has cut the asking price for Hollywood trade rag Variety to under $30 million, from over $40 million. The leading bidders include Jay Penske’s Penske Media Corporation, which owns Nikki Finke’s Deadline and Bonnie Fuller’s Hollywood Life, and would, Mr. Kelly speculates, benefit from ensuring no rival can revamp Read More

