Deadline Hollywood Daily Sold $$

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Submitted by Barbara House on June 24, 2009 – 9:03 am

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In March 2006, Nikki Finke started Deadline Hollywood Daily as an outlet for scoops that couldn’t wait for her column in LA Weekly. She initially earned nothing extra for the blog. Today she has sold the site, which she owns entirely, to Mail.com Media Group in a deal worth several million dollars.

“I have really sacrificed, but it was a conscious decision and I love doing this,” Finke said of the experience.

According to a person familiar with the terms, Finke, the site’s sole owner and writer-editor, will get a low seven-figure sum to sell Deadline Hollywood Daily plus several million dollars over the life of a five-year-plus employment contract. The deal also grants her a portion of the site’s advertising revenue.

Read the Original Story – Deadline Hollywood Daily sold for several million dollars; LA Weekly to hire new showbiz blogger | Company Town | Los Angeles Times

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Contributed by Barbara House

Barbara is the Editor-in-Chief for the Directory of Burbank, as well as Directory of Pasadena and Directory of Glendale. We think coffee is the only thing that keeps her going! Want to connect? Follow her on Twitter or FriendFeed. As a semi-professional photographer, Barbara also runs the Directory of Digital Photography with resources listings and a blog with photography tips and tutorials.