Nielsen Mags Up For Grabs

According to former New York Times reporter Sharon Waxman, who now runs The Wrap, the Nielsen Group’s magazines are up for sale, with News Communications Inc. ready to buy Billboard, The Hollywood Reporter and several other mags.

Waxman’s source is “an individual with knowledge of the negotiations.” News Communications did not respond to a request for comment and a spokesman for Nielsen Business Media had no comment, according to the Wrap.

“Billboard is doing so-so, Adweek is not doing well at all and THR is not great,” the former Nielsen exec told Waxman.

Nielsen Company is under the umbrella of six private equity firms that bought the company in 2006.

James Finkelstein’s News Communications publishes “Who’s Who” and Washington trade The Hill.