 In 1987, Billboard was sold again to Affiliated Publications for $ 100 million. Billboard Publications Inc. became a subsidiary of Affiliated Publications called BPI Communications. As BPI Communications, it acquired The Hollywood Reporter, Adweek, Marketing Week and Mediaweek. It purchased Broadcast Data Systems, which is a high-tech firm for tracking music airtime. Private investors from Boston Ventures and BPI executives re-purchased a two-thirds interest in Billboard Publications for $ 100 million and more acquisitions followed. In 1993, it created a division called Billboard Music Group for music-related publications.
