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Variety sold!

To Penske Media Corp., owner of, among others. I'm thrilled that the 107-year-old bible of show business has a new lease on life. Variety has had over the years a lot of chutzpah and a lot of credibility, and I don't think it was well-served under its Reed ownership. This is a much better fit. I hope they finally drop that paywall and let us back inside. Boffo!

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