Todd Boehly's Eldridge expected to buy MRC Live & Alternative

Todd Boehly's holding company Eldridge is buying MRC Live & Alternative, the production studio formerly known as Dick Clark Productions, Puck's Matthew Belloni reports.

Why it matters: The studio produces Dick Clark's New Year's Rockin' Eve, the Golden Globes and other entertainment and awards shows — a sector that has been struggling with decreased viewership.