Journalist sells Hollywood news site

Entertainment business writer Nikki Finke announced Tuesday that she has sold her news Web site, Deadline Hollywood Daily, to Mail.com Media Corp (MMC), The Wall Street Journal reported.

The sale is a move that may possibly hint at the growing value and popularity of small, online media outlets.

Finke, who has written for Newsweek, the Los Angeles Times and New York Magazine, is the founder and writer of DeadlineHollywoodDaily.com.

Finke has been the “Deadline Hollywood” columnist for LA Weekly since 2002, writing about the business, politics and culture of the infotainment industry. Together, her print column and her Deadline HollywoodDaily.com have won first place in major entertainment journalism contests, including the Southern California Journalism Awards' Entertainment Journalist Of The Year and the National Entertainment Journalism Awards, in which she swept every online category.
According to the Wall Street Journal story, neither Finke nor MMC Chief Executive Jay Penske, son of auto-racing magnate Roger Penske, would disclose the amount of the sale.

Biz Journalist wins Livingston Award

Wall Street Journal business reporter, Kate Kelly, is one of three winners of the $10,000 Livingston Awards for Young Journalists for 2008 work.

Kelly won the award in the national reporting category for "Lost Opportunities Haunt Final Days of Bear Stearns," her three-part series on the collapse of the Bear Stearns company.

The Livingston Awards are limited to journalists under the age of 35 and are awarded in local, national, and international reporting. 

The 50 finalists for this year's competition were widdled down to three and winners were announced today by Charles Gibson of ABC News, Ken Auletta of The New Yorker and Anna Quindlen of Newsweek today.

View the winners list here.