By Kevin McCauley
Reed Business Information today put Variety, the Hollywood showbiz title, on the auction block as part of its program to focus on data services rather than print magazines.
Mark Kelsey, CEO of RBI, said Variety “has an incredibly talented team who have successfully innovated and expanded the franchise in industry news and analysis. I have no doubt the business will continue to thrive under new ownership,” according to a report on Variety’s online edition.
Variety president Neil Stiles is “confident that with new ownership, Variety will continue to thrive, innovate and provide fantastic insight into the sector.”
The magazine has covered and analyzed the entertainment business for more than 100 years.
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