Reed Elsevier to Hold on to Variety
Despite major revenue declines, a firesale of their other U.S. trades, and repeated attempts to sell the paper off, Anglo-Dutch publishing giant Reed Elsevier says they plan to hold on to Variety after all, says Folio Magazine, citing the company’s 2009 earnings report.
A Variety sale had appeared imminent, as this week alone its parent company sold off four magazines to LA-based Canon Communications: Electronic Design News (EDN), Design News, Test & Measurement World and Packaging Digest.
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