Will Conde Nast Buy The Hollywood Reporter

Business


For years in Hollywood it was Variety or The Hollywood Reporter. The industry players always had both, but upstarts and wannabes had to choose as buying both of the dailies was too pricey. Now it seems growth at The Hollywood Reporter, founded in 1930 as a daily entertainment newspaper, beyond just the entertainment industry, has made the multi-platform and trade magazine a good longterm investment for Conde Nast. Previous discussions around a buy reportedly broke down due to the asking price. Now the purchase appears to be back on the table.

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