Variety Is Sold For About $25 Million

By Ben Fritz, Los Angeles Times, Los Angeles Times
Wed, 10/10/2012 - 5:00am

Penske Media has acquired show business publication Variety. The company already owns one of Variety's fiercest competitors, the online-only trade Deadline.com.Variety has been a Hollywood must-read and a global show business symbol for more than a century, famous for its snappy lingo and its breathless coverage of entertainment industry news.

Sections: movies news business

Topics: acquisition deadline jay penske penske media variety

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