consolidation

PMC will lead daily operations of an expanded entertainment and music brand portfolio under the PMRC banner that will bring two Hollywood trade institutions under the same roof for the first time. Billboard, Vibe and the Reporter will join PMC’s Variety, Rolling Stone and Music Business Worldwide.

PMC to Operate Billboard, Hollywood Reporter and Vibe With MRC – Variety

Seems like a fine turn of events, no one should be concerned at all.