NYT Documents the Decline of Variety
New York Times’ Michael Cieply and Brooks Barnes write about the history and plight of the entertainment business’ oldest trade Variety:
In a more detailed interview, Neil Stiles, Variety’s president, said his paper was profitable but declined to disclose financial figures for the operation, which has been owned since 1987 by Reed Elsevier. He said Variety had suffered a year-to-year ad revenue decline less severe than the estimates of 50 percent or more that have been heard in Hollywood.
But
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