Cynthia Littleton Business

Cynthia Littleton Business EditorRyman Hospitality Properties, the Nashville-based parent company of the Grand Ole Opry, has struck a deal to sell a 30% stake in its entertainment operations to investment firm Atairos and NBCUniversal.The transaction values Ryman Hospitality’s Opry Entertainment Group unit at about $1.4 billion in total. Atairos and NBCUniversal will invest approximately $293 million in Opry Entertainment Group (OEG), which consists of the weekly “Grand Ole Opry” stage show and media rights, Nashville’s famed Ryman Auditorium, the legendary Nashville radio station WSM-AM and a 50% stake in TV channel Circle, the streaming home of “Grand Ole Opry.” The pact calls for Atairos to invest another $30 million in OEG down the road if certain performance targets are met.

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Altice USA Promotes to Keith Bowen to News President as Cheddar Founder Jon Steinberg Exits

Cynthia Littleton Business EditorDigital entrepreneur Jon Steinberg is exiting the streaming business news service that he founded in 2016 and sold to cable operator Altice USA three years later.On Tuesday, Altice promoted Keith Bowen to president of Altice News and Advertising. He’ll succeed Steinberg in leading the cable operator’s in-house News 12 hyper-local news operation serving parts of Long Island, as well as Cheddar News, the i24News international news service that Altice launched in 2017 and Altice’s A4 advanced advertising data operation.

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‘We Are Really Demanding’: CAA’s Longtime Leaders Reflect on 25 Years at the Helm

Cynthia Littleton Business EditorCAA’s longtime leaders had a lot on their minds on the sunny afternoon in late October when Kevin Huvane, Bryan Lourd and Richard Lovett sat down with Variety for a no-holds-barred conversation in Lourd’s Holmby Hills backyard. The trio talked about their unique partnership and why it has endured, the state of the talent representation business, how they’re thinking about succession plans for the agency and why they chose to speak out now.

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