Condé Nast has been eyeing The Hollywood Reporter

The Hollywood Reporter is deliberation a sale, and Condé Nast is a suitor.

Several months ago, Condé Nast CEO Bob Sauerberg and artistic executive Anna Wintour entered into negotiations to buy The Hollywood Reporter and Billboard from Eldridge Industries, several sources informed with a negotiations told CNNMoney.

Conde Nast enlisted UBS Investment Bank to manage a deal, while Eldridge was represented by Moelis Company and Goldman Sachs.

Negotiations came to a delay in Dec after Condé Nast balked during Eldridge’s seeking cost — though sources remonstrate as to either or not a negotiations are over.

Several sources with believe of a negotiations contend a understanding is expected not going to occur and that discussions effectively finished in December. But other sources with believe of a negotiations contend talks are still really many ongoing.

On Monday, The Hollywood Reporter announced that Janice Min, the tip editor, would take on a new purpose during Eldridge overseeing “media-investment strategy” — definition sales and acquisitions. In that role, Min would assistance promote any understanding with Condé Nast.

Under Min, THR has grown from a mostly irrelevant trade repository into Hollywood’s many successful publication. Perhaps many importantly to Condé Nast, it has also turn applicable to readers in New York and Washington, competing during times with venerable Condé Nast publications like Vanity Fair.

Both Condé Nast and Eldridge declined to comment.

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