Nielsen Business Media Sells Trade Magazines

Nielsen Business Media Sells Trade Magazines

Nielsen Business Media Sells Trade Magazines
Nielsen Business Media has reached an agreement to sell eight of its media brands, including trade magazines Billboard and The Hollywood Reporter, to e5 Global Media by Dec. 31. Financial details were not disclosed but the deal is worth $70 million according to a Folio report. Also included in the transaction are magazines Adweek, Back Stage and Mediaweek, among others, and Nielsen's Clio Awards. (12/10)

Rolling Stone Names Decade's Top Albums, Songs
Rolling Stone magazine announced its best 100 album and song lists of the decade, selecting Radiohead's Kid A as top album and Gnarls Barkley's "Crazy" as top song. Rounding out the top five albums and songs, respectively, were the Strokes Is This It, Wilco's Yankee Hotel Foxtrot, Jay-Z's The Blueprint, and the White Stripes' Elephant; Jay-Z's "99 Problems," Beyoncé's "Crazy In Love, " Outkast's "Hey Ya!, " and M.I.A.'s "Paper Planes." Ballots were cast by a group of artists, music critics and industry insiders and the results were tabulated by accounting firm Ernst & Young. (12/10)

NEA Study Shows Drop In Concert Attendance
Attendance at cultural activities such as concert, museum and theater events dropped to 34.6 percent of adults in 2008, down from 41 percent in 1992, according to a National Endowment for the Arts study. The percentage of adults attending jazz concerts decreased from 10.8 percent in 2002 to 7.8 percent in 2008, and other categories such as ballet, opera and musical theater also showed marked attendance declines. The report cited the Internet, less free time and arts education cuts as reasons for the attendance declines. (12/10)
 

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