Variety Gets Bought

This week, Penske Media Corp, the company that owns deadline.com, bought the once venerable trade publication, Variety. Years ago, that publication was the go-to source for the entertainment industry, but in recent years it severely lagged behind competitors like the Hollywood Reporter, The Wrap and Deadline. Kim, who is Editor-at-Large for the Hollywood Reporter and John Horn, whose publication the Los Angeles Times and a reputable source for industry news, reflect on Variety's history and wonder what the future holds for this Hollywood institution.