In a more detailed interview, Neil Stiles, Variety’s president, said his paper was profitable but declined to disclose financial figures for the operation, which has been owned since 1987 by Reed Elsevier. He said Variety had suffered a year-to-year ad revenue decline less severe than the estimates of 50 percent or more that have been heard in Hollywood.
But Martin Kaplan had the best quote:
“Traditionally, the trades have offered gossip, casting announcements, advance reviews and hopefully a little news,” he said. “Go through that list and ask what’s left. It’s all widely available elsewhere.”
Whole piece is here.
Previously on FBLA:
- OC Register Going Behind a Paywall in April
- L.A. Youth Closing After 25 Years
- In San Diego, Tis' the Season for Daily Newspaper Melancholy
- Laid Off (Again), SoCal Daily Newspaper Vet Has Had Enough