Variety Is Sold For About $25 Million


Penske Media has acquired show business publication Variety. The company already owns one of Variety's fiercest competitors, the online-only trade 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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