Nielsen's US media & entertainment brands sold to e5

<p>Nielsen Business Media, owner of<em> The Bookseller</em>, has announced the sale of <em>Billboard</em>, <em>The Hollywood Reporter</em>, <em>AdWeek</em> and a number of other media and entertainment brands to e5 Global Media LLC, a new company formed jointly by Pluribus Capital Management and Guggenheim Partners.<br /><br /><em>The Bookseller i</em>s not part of the sale. Managing Director Nigel Roby, said: &quot;<em>The Bookseller</em> has an unique place in British publishing life and I am delighted we will continue to fulfil that role and build our business. Next year 2010 is going to be a very exciting year with the first Bookseller Industry Awards and the growth of our activities in the e-book market. Both of which demonstrate our ambition for the brand. Last week&#39;s FUTUReBOOK conference was a complete sell out and we have many new digital initiatives in the pipeline.&quot;<br /><br />The Bookseller Industry Awards is the new awards scheme that combines the &#39;Trade Nibbies&#39; and The Bookseller Retail Awards. It takes place in London&nbsp; on May 17, the first night of the BA&#39;s Book Industry Conference.</p><p>Roby added: &quot;This week&#39;s official Top 50 chart showed book sales, as measured by Nielsen BookScan&#39;s TCM, up 28% in value on last week. As our leader column suggested, there are grounds for cautious optimism. That is certainly the attitude we will be taking into the new year.&quot;</p>