Daniel Frankel Revisits Variety Sweepstakes
One of the first reporters to accurately gauge the level of interest in a purchase of Variety has a follow-up piece tonight. This time, paidContent senior writer Daniel Frankel focuses on the eventual final price tag.
According to Frankel’s sources, a recent New York Post article was not entirely on the money. In addition to the hidden costs revealed once the trade is fully detached from its parent company, there will also be the matter of post-deal expenditures:
“That $40 million is a pretty considerable amount of money, but the problem is you’re not done at $40 million,” said one knowledgeable individual, who spoke at length to us.
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