Nielsen Sells Billboard, Hollywood Reporter, Adweek/Mediaweek
December 10, 2009 at 11:55 AM (PT)
NIELSEN has officially announced a buyer for BILLBOARD, THE HOLLYWOOD REPORTER, and ADWEEK/MEDIAWEEK/BRANDWEEK, as JAMES FINKELSTEIN's new e5 GLOBAL MEDIA LLC, a partnership with PLURIBUS CAPITAL MANAGEMENT and GUGGENHEIM CAPITAL PARTNERS, makes a deal to take over the venerable trade publications. Also included are THE CLIO AWARDS, BACKSTAGE, and FLIM JOURNAL INTERNATIONAL. No price was announced for the deal, which did not, as previously expected, include an investment from LACHLAN MURDOCH, who recently cashed out his stock in his father RUPERT's NEWS CORP. and invested in Australian radio.
At the same time, NIELSEN has abruptly shut down newspaper trade magazine EDITOR AND PUBLISHER after 108 years in business, and has also shuttered book trade publication KIRKUS REVIEWS.