|(Photo credit: Steve Woolf)|
The "Dream Industry" hasn't seen the last of Variety, as a free-access, recently revamped Web site is available, and a spanking new version of the Weekly Variety, a 108-year-old weekly, premieres next week, according to the Times article.
Variety earned $6 million last year, compared to the more than $30 million it brought in in 2006. Auto parts magnate Jay Penske acquired the publication for $25 million from Reed Elsevier last year (see "TUOL" post 10/10/12). To borrow a phrase from the entertainment tabloid, advertising revenues and print circulation have hardly been "boffo" since.