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.