The 51-year-old actor is the co-founder of Prairie Pulp & Paper Inc., which launched its brand of environmentally friendly paper Wednesday.
Variety, a Hollywood trade paper, was acquired for nearly $25 million by Penske Media Corp. and the hedge fund Third Point, it was announced Tuesday.
Starting on Labor Day, the price of a daily edition will increase from 75 cents to $1, while the Sunday issue will go up from $1.50 to $2.00. The price of the weekend edition will remain at $1.50.
The Academy of Motion Picture Arts and Sciences is planning to change its voting system to allow members to make their picks electronically, rather than through mailed, paper ballots.