Daily Variety Magazine

Variety's pending sale to a giant British publishing concern will end a family's four-generation reign over the best-known publication in show business, but employees initially expressed surprise, rather than alarm, over the news. "I don't think there's any panic," said Art Murphy, who has been writing for Variety since 1964. But another employee said there is some staff apprehension over whether the freewheeling news operation will change. "It's a quaint place to work.

Variety's pending sale to a giant British publishing concern will end a family's four-generation reign over the best-known publication in show business, but employees initially expressed surprise, rather than alarm, over the news. "I don't think there's any panic," said Art Murphy, who has been writing for Variety since 1964. But another employee said there is some staff apprehension over whether the freewheeling news operation will change. "It's a quaint place to work.