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Hollywood Media Corp. divests for $10 million

holly media c 2007 Hollywood Media Corp. divests for $10 millionHollywood Media Corp. has sold its and Television businesses to R&S Investments, LLC, an entity owned by Mitchell Rubenstein and Laurie S. Silvers for $10 million. The purchase price includes $1 million paid out to Hollywood Media and earn-out payments of $9 million.

Hollywood Media plans to focus on its profitable online Broadway Ticketing business (including, which currently has an approximate 10 percent share of the Broadway ticket market. Hollywood Media also owns the UK-based CinemasOnline and a minority interest in


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