Nielsen Sells Hollywood Reporter & Billboard

billboardthrAccording to The Wrap, Nielsen has made it official and has sold The Hollywood Reporter, Billboard, Adweek, Brandweek, Mediaweek, and Backstage magazines to e5 Global Media Holdings.

The official price tag was not revealed, but according to one source the price is in the $70-75 million range.

Nielson’s Greg Farrar released a statement saying, “This move will allow us to strengthen investment in our core businesses – those parts of our portfolio that have the greatest potential for growth – and ensure our long-term success.”

The deal is expected to close by the end of the year.

To read more go to The Wrap.


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One Comment

  • January 1, 2010 | Permalink |

    Hi all,

    Happy new year! I saw the Kim Kardashian story on e tru hollywood stories today
    and fell in love. I mean you have to love this woman. How beautiful are they all!!!

    Love you all! I am so glad I found this forum. I was looking for this information today and thought I would post a hello!
    Veronica Kardashian lost so much weight Its nuts! So if I can loose a portion and look like she does there then heck yeah!

    Happy New year!


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