Variety bought by Deadline owner Penske Media, Third Point
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Variety bought by Deadline owner Penske Media, Third Point

Santa Monica : CA : USA | Oct 09, 2012 at 8:25 AM PDT
Source: Los Angeles Times
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The Hollywood trade paper Variety has been acquired by Penske Media Corp. and its financial backer, hedge fund Third Point, for about $25 million, in a power shift for the world of show business and a transformation of the industry's most famous news brand. FULL ARTICLE AT Los Angeles Times
 
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