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Variety's future looks bleak

Once a must-read for Hollywood insiders, the 107-year-old trade publication has been bypassed by Deadline, Hollywood Reporter and the Wrap. I once asked a famous producer how he first became fascinated with Hollywood. His answer? "When I was 14, I got a subscription to Variety." And no wonder.

 

Hollywood Reporter sold to e5 Global Media

Film News: Billboard, Adweek, Backstage also acquired -- The Hollywood Reporter has been sold to e5 Global Media, a new company jointly owned by equity partner Pluribus Capital Management and financial services firm Guggenheim Partners.

 

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