Variety's Buyer Better Have Deep Pockets
The price tag for Variety has been estimated at about $40 million, but according to experts, it’s going to end up being way more than that once it’s bought. PaidContent spoke to several people who had access to Variety’s books, and the results aren’t pretty:
That $40 million is a pretty considerable amount of money, but the problem is you’re not done at $40 million. You’re buying a property that’s had a decade of deferred maintenance.
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