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Hollywood Reporter Sold?

Sharon Waxman reports that the Hollywood Reporter, which has been on the block since last summer, will likely soon be sold to News Communications, Inc. (along with other Nielsen-owned trades Billboard, Adweek, Brandweek, and Mediaweek). There's currently no word on a sale price or what new publisher James Finkelstein might do with HR, but earlier reports suggested it could abandon its print edition and move online-only following awards season. [Wrap via Movieline]