From KCRW in Santa Monica, I'm Claude Brodesser Ackner, and this is The Business.

So you still want to do the show business, and you think that you got what it takes?

I mean, you really got a rap and be all at, but prepare yourself for the breaks.

Check it out.

This week on The Business, the Venerable Hollywood Trade Paper variety is up for sale.

What will a new owner mean to the business? We'll have a lively conversation with blogger extraordinaire Nikki Fink

and Uber publicist Howard Bragman.

Plus, which prognosticators predicted the Oscars with paramount precision?

We'll find out.

But first, it's the Hollywood News Caravan.

Go nowhere, it's the business from NPR.

Music Caravan. Go nowhere. It's the business from NPR. By now, you've probably heard the news that New Line Cinema has flatlined, at least in the eyes of Warner Bros.

CEO Jeff Bucas. In a statement released to the press last week, Bucas announced that Bob

Shay's struggling 40-year-old indie,

known as the house that Freddie Kruger built,

would be rolled up into the Warner Brothers behemoth.

Quote,

We are moving quickly to improve our business performance and financial returns,

Bucas said,

which will translate as either Greenlight Nightmare on Elm Street 17 or Get Out.

New Line founder Bob Shea and President Michael Lynn chose to get out.

Elsewhere, the trial of Anthony Palacano, the disgraced private investigator accused of tapping the phones of various moguls and stars, is picking up steam.

...