BOEHLY-ING FOR DOLLARS (PART ONE)

With his Eldridge Industries hiring investment banks Goldman Sachs and Moelis & Co. to conduct a “strategic review” of its media holdings— notably Billboard, The Hollywood Reporter and Dick Clark Productions—CEO/majority owner Todd Boehly is said by insiders to be kicking the tires of various entertainment deals, but has been discouraged by his team as he seeks an exit strategy. The media entities were spun off from Guggenheim Partners to Boehly’s company last year; the Industry Bible and THR have been hemorrhaging money at the rate of $20m+ per year and are said to have attracted zero interest from potential buyers, with DCP the only viable component of the crumbling platform.