Trades In Trouble: Future of Hollywood Trade Magazines In Doubt

May 15, 2010 | Updated May 25, 2011

Variety, the show business bible, was born nearly 105 years ago when young Sime Silverman, by his own account, was fired by The Morning Telegraph for a review in which he declared a new theatrical sketch by a performer who happened to be one of the paper's advertisers "N. G. (No Good)."

Mr. Silverman started a paper of his own. Its first issue promised notices "that will not be influenced by advertising." Thus began a feisty tradition of entertainment trade reporting and criticism that has been so severely tested in recent weeks that some wonder whether the entire era is drawing to a close.