Guggenheim Spins Off Hollywood Reporter, Billboard

TheWrap: In a major media shake-up, Guggenheim Partners, along with multiple other investors, has spun off The Hollywood Reporter, Billboard magazine, Adweek, Dick Clark Productions and Mediabistro to Guggenheim president Todd Boehly, who now owns a controlling interest in them all. Annual losses in the company are estimated at $25 million to $30 million.