A deal is in place for the sale of The Hollywood Reporter, Billboard, Adweek, Brandweek and Mediaweek, according to a report by Sharon Waxman of The Wrap.
The buyer, according to the report, is James Finkelstein’s News Communications, which owns the “Who’s Who” publications and The Hill in Washington, D.C.
Waxman writes that her source is “an individual with knowledge of the negotiations.”
The report also says that "Gerry Byrne, who heads the entertainment division of Nielsen Business Media, wrote in an email that "(I) really have no comment off or on" the record.
The report does not say what the new business plan may be for the publications, as they all have struggled with ad sales during the recession.
News Communications’ The Hill, which reports on political news about Congress, is published both in print and online.
–Elizabeth Jensen and Chuck Ross