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.
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Variety Acquired By Movieline’s Parent Company Penske Media Corp
