Sale of Variety, B&C, Multichannel Nears

Oct 14, 2008  •  Post A Comment

Reed Elsevier PLC documents show the company in coming weeks expects to confirm the sale of its Reed Business Information unit, which includes entertainment-industry trade publications Variety, Broadcasting & Cable and Multichannel News, the Wall Street Journal says. No competitors of Reed Elsevier are among final bidders, the Journal reports. The interested parties all said they have the intention to buy the unit as a whole, the paper reports.
—Greg Baumann

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