Rumor: THR-Billboard Deal to be Announced Thursday

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Rumor: THR-Billboard Deal to be Announced Thursday

Published: December 09, 2009 @ 3:14 pm
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By Sharon Waxman

The word I'm hearing is that the sale of The Hollywood Reporter, Billboard, Adweek, Mediaweek and Brandweek to a consortium led by Lachlan Murdoch, behind Jimmy Finkelstein will be announced tomorrow.

Reported price: $70 million. Estimated price by my source: $75 million.

Can't promise, just passing it along.

This also just in from the Wall Street Journal, possibly related: Lachlan Murdoch sells all of his non-voting shares of News Co. He sold 2.3 million of Class A News Corp shares, according to the SEC filing. He sold an equal amount two weeks ago.

Murdoch, Finkelstein Close in on Nielsen's THR: Is $70M Too Much?

Hollywood Reporter Set to be Sold to 'Who's Who's' Finkelstein

Nielsen THR Sale Approaches; Is Lachlan Murdoch Involved?

Tags: Adweek, Billboard, company, lachlan murdoch, Media, MediaWeek, Movies, people, Television, The Hollywood Reporter
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Sharon Waxman's take on life on the left coast, high culture, low culture and the business of entertainment and media.

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Sharon is also the author of two books, Rebels on the Back Lot and Loot.

 

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