Variety Acquired By Movieline?s Parent Company Penske Media Corp

Variety, the old-media show-business trade publication founded in 1905, has been acquired by �Movieline's new-media parent company, Penske Media Corp. (PMC) �The deal was announced today by PMC Chairman and Chief Executive Officer Jay Penske and Variety's seller, Reed Information, a division of Reed Elsevier. For some insight into what the deal will mean, �check out this report by Deadline's Mike Fleming, who spent 20 years at Variety�before joining PMC. �The announcement of the sale can be found after the jump.�

Source: http://www.celebrities.com/celebrities-gossip/variety-acquired-by-movielines-parent-company-penske-media-corp/

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