Peter Bart, Variety's editor in chief of 20 years, has been replaced by deputy editor Tim Gray. The article on the Variety website says Bart is being promoted. Nikki Finke has a different take:

Bart's new title is "vice president and editorial director of Variety", but it's meaningless. He and the company are playing this like it's voluntary, but Peter has been pushed "essentially up and out" of the newsroom, as one of my sources puts it. But he'll be allowed to continue as the "face" of Variety in public -- which is something Bart cares a lot about. His column and blog will continue.