Peter Bart Out At Variety

Peter Bart’s legendary 20-year tenure as editor in chief of Variety is ending today, when Bart will be replaced by his deputy Tim Gray.

Bart, an ex-Hollywood film exec, is credited with professionalizing the trade mag, known in the industry as the “Bible of Show Business.” For years it dominated its competitor The Hollywood Reporter. For years, the magazine was reaping profits of 30 to 40 percent—those margins are much reduced this year.

The WSJ’s reporting that it sounds as if the move was planned.

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