Now that Jay Penske has purchased Variety there's a can't-help-ourselves rumor that Bonnie Fuller, who currently edits his site Hollywoodlife.com, will take it over, pitting her against both Deadline.com's very-volatile Nikki Finke as well as her former Us Weekly sidekick and successor Janice Min who's now the savior-editor of The Hollywood Reporter.
The deal for Variety is done. The Los Angeles Times is reporting that Penske Media, which bought Deadline.com from Nikki Finke, has acquired the 107-year-old showbiz news source and trade publication for a cool $25 million.
Variety, the struggling but steadfast Hollywood trade publication, is close to finding a buyer, and if all goes as the Los Angeles Times says it will, that could very well be the Penske Media Corporation.
Hulu is contemplating some changes to its service, according to what has been described as a "death memo" that will "completely screw up Hulu" obtained by Variety's Andrew Wallenstein.
The Los Angeles Times reports today that flashy billionaire Ron Burkle, supermarket mogul and alleged sex-jet-riding former pal of Bill Clinton, is the "leading contender" to buy showbiz trade Variety.
Richard Zanuck died of a heart attack Friday, Variety's Steve Chagollan reports, and it's a fitting time of year to remember the 77-year-old Oscar-winning producer, since he helped create the phenomenon we all call the summer blockbuster movie.
Variety is very much the old guard of Hollywood trade publications. It's been eclipsed by competition from Deadline, TheWrap, and The Hollywood Reporter. But when parent company Reed Business Information sells Variety, it'll cost well north of the previously reported $40 million.
The venerable entertainment trade publication Variety is up for sale, and according to Nikki Finke it's throwing in the towel because it can't compete with her Deadline Hollywood.
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