  New observations of the broad-line quasar PG1416-129 reveal a large decline
in its continuum luminosity over the past ten years. In response to the
continuum change the ``classical'' broad component of Hbeta has almost
completely disappeared (a x10 decrease in flux). In its place there remains a
redshifted/redward asymmetric very broad emission line component. The
significance of this change is multifold: (1) It confirms the existence of a
distinct redshifted Very Broad Line Region (VBLR) component that persists after
the demise of the broad component and that is frequently observed, along with
the broad component, in radio-loud sources. (2) The smaller (x2) intensity
change in the Hbeta very broad component supports the previously advanced idea
that the VBLR is physically distinct and likely to arise in an optically thin
region close to the central source. (3) The presence of a strong very broad
component in the radio-quiet quasar PG1416-129 reinforces the notion that such
``population B'' quasars share similar spectroscopic (and hence geometrical and
kinematical) properties to radio-loud sources. (4) AGN can show broad, very
broad, or both line components simultaneously, making statistical comparisons
of source profile widths difficult. (5) The interpretation, in reverberation
studies, of the presence or lack of correlated response in broad line wings
will be affected by this composite BLR/VBLR structure.
