Yeah, that's a real one. You know, the Hollywood Reporter was once a very successful, important publication and now they're literally giving it away to anyone who's even vaguely in show business. To give you an idea of how low the standard is: I qualify.
Part of the problem, of course, is that the Internet has ruined business for most print publications. But part of the Hollywood Reporter's problem is that it has so rarely practiced journalism. It reprints press releases, takes dictation from important people in the industry…and thinks stuff like that is a story.
And by the way: If you want to read that newsflash, here's a link.