From Variety: Reed Business Information has announced plans to sell Variety, the venerable showbiz news and information provider.
The decision follows RBI's divestiture of other U.S. business publications during the past three years. Reed has owned Variety since 1987.
" Variety is an iconic title serving the film and entertainment industry for more than 100 years," said RBI chief executive Mark Kelsey. "With RBI's increasing focus on data services, and the sale of our other U.S. print magazines, it now makes sense for us to sell the business. 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."