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:
- Brooklyn Journo Revisits 2005 Heath Ledger Interview
- Winner of Second Place Behind Slate/Travoltified: The LA Times
- Novelist Andrea Cremer Chose Veronica Mars Over a Summer Vacation
- Columnist to Alec Baldwin: Silicon Valley Nerds 'Would Adore You'