Rumor: THR-Billboard Deal to be Announced Thursday

Purchase by Lachlan Murdoch-Jimmy Finkelstein alliance

Last Updated: December 22, 2009 @ 2:13 PM

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?