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	<title>AllThingsD &#187; Deadline Hollywood Daily</title>
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		<title>Who's Going to Work for Nikki Finke?</title>
		<link>http://allthingsd.com/20090904/whos-going-to-work-for-nikki-finke/</link>
		<comments>http://allthingsd.com/20090904/whos-going-to-work-for-nikki-finke/#comments</comments>
		<pubDate>Fri, 04 Sep 2009 12:56:17 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Media]]></category>
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		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=10726</guid>
		<description><![CDATA[Nikki Finke, the Hollywood power blogger who recently began working for Jay Penske's Mail.com Media Corp., has a new Web site. And soon, she will have a new employee--a "well-known figure from established media." But who is it?]]></description>
			<content:encoded><![CDATA[<p><a href="http://mediamemo.allthingsd.com/files/2009/06/nikki-finke.jpg"><img class="alignright size-full wp-image-8500" title="nikki-finke" src="http://mediamemo.allthingsd.com/files/2009/06/nikki-finke.jpg" alt="nikki-finke" width="200" height="212" /></a>Nikki Finke, the Hollywood power blogger who recently began working for <a href="http://www.mail.com/">Jay Penske&#8217;s Mail.com Media Corp.</a>, has a new Web site. And soon, she will have a new employee. But who is it?</p>
<p>Finke moved <a href="http://www.deadline.com/hollywood/">Deadline Hollywood Daily</a>, her one-woman operation, from LA Weekly to Penske&#8217;s burgeoning Web empire in June. At the time, she promised to hire a &#8220;senior&#8221; journalist, based in New York City, within three months.</p>
<p>Now Penske tells me that the new hire, whom he describes as a &#8220;well-known figure from established media,&#8221; has been locked up, is finishing paperwork, and will be on board within two weeks. Finke also promises to have hires in &#8220;London, Paris, Mumbai, Hong Kong, and Sydney&#8221; within the next year.</p>
<p>Not that long ago, it would have been inconceivable to see a big-name media <em>macher</em> go to work for a one-woman blog owned by a white-label email services provider. But now that Web publishing has lost most (but not all) of its reputation as a backwater for second-raters, wannabes and has-beens, and now that traditional publishing is on life support, it&#8217;s a whole lot more believable.</p>
<p>So. Who&#8217;s making the leap and jumping into the digital pool with the rest of us? (It&#8217;s great fun! You&#8217;ll love it! Unless you hate it!) A few of us have been guessing at names for a bit, but there&#8217;s no reason to keep our parlor game to ourselves.</p>
<p>Feel free to speculate in comments below, though you&#8217;ll have to use your real name if you do. If you&#8217;re feeling shy, you can reach me directly at <a href="mailto:peter@allthingsd.com">peter@allthingsd.com</a>. And if you want to be completely anonymous, which is understandable but less useful to me (I won’t have any way of reaching you for follow-up) you can use the blind tip box <a href="http://allthingsd.com/tips/">here</a>.</p>
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		<title>Sold! Hollywood Blog Queen Nikki Finke Goes to&#8230;Mail.com.</title>
		<link>http://allthingsd.com/20090623/sold-hollywood-blog-queen-nikki-finke-goes-to-mailcom/</link>
		<comments>http://allthingsd.com/20090623/sold-hollywood-blog-queen-nikki-finke-goes-to-mailcom/#comments</comments>
		<pubDate>Tue, 23 Jun 2009 13:26:41 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
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		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=8495</guid>
		<description><![CDATA[The Nikki Finke auction is over, and the winner is...Mail.com. Jay Penske's Mail.com Media Corporation, which owns the Mail.com email service and a small portfolio of Web sites, has acquired the blogger, whose Deadline Hollywood Daily is a must-read for Hollywood.]]></description>
			<content:encoded><![CDATA[<p><a href="http://mediamemo.allthingsd.com/files/2009/06/nikki-finke.jpg"><img class="alignright size-full wp-image-8500" title="nikki-finke" src="http://mediamemo.allthingsd.com/files/2009/06/nikki-finke.jpg" alt="nikki-finke" width="200" height="212" /></a></p>
<p>The Nikki Finke auction is over, and the winner is&#8230;Mail.com. Jay Penske&#8217;s Mail.com Media Corporation, which owns the Mail.com email service and a small portfolio of Web sites, has <a href="http://www.deadlinehollywooddaily.com/mmc-acquires-deadline-hollywood-daily/">acquired the blogger</a>, whose <a href="http://www.deadlinehollywooddaily.com/">Deadline Hollywood Daily</a> is a must-read for Hollywood.</p>
<p>No details on pricing yet.* But, the fate of Finke&#8217;s site, which was managed by the <a href="http://www.laweekly.com/">LA Weekly</a>, has been the subject of lots of speculation in recent months, including spirited back-and-forths between Finke and competitors like <a href="http://www.deadlinehollywooddaily.com/was-it-sour-grapes-peter-bart-not-consulted-when-reed-businessvariety-group-called-me-to-buy-dhd/">Variety</a> and Sharon Waxman&#8217;s <a href="http://www.thewrap.com/ind-column/2079">The Wrap</a>.</p>
<p>Reading that stuff has been nearly as entertaining as Finke&#8217;s column. She provides blow-by-blow Tinseltown coverage&#8211;she seemed to post nearly hourly during the 2007-2008 writer&#8217;s strike&#8211;and relishes her scoops. One of her most recent: Allegations that GE&#8217;s (GE) NBC Universal was trying to <a href="http://www.deadlinehollywooddaily.com/exclusive-genbcu-trying-to-stifle-other-medias-coverage-of-company-immelt-banned-nielsen-media-over-ge-nbcu-obama-story-zucker-followed-orders-nbc-universal-didnt-cooperate-with-the-hollywood/">&#8220;stifle&#8221;</a> the Hollywood Reporter&#8217;s coverage of the entertainment conglomerate and its parent company.</p>
<p>Finke says she&#8217;ll keep full editorial and design control as she begins working for Penske, the son of auto magnate Roger Penske. He&#8217;s making an interesting move: Mail.com is a white-label email provider that <a href="http://www.paidcontent.org/entry/419-mailcom-raises-35-million-in-fourth-round/">raised $35 million last year</a>, but he&#8217;s been expanding into the content business. Earlier this year, he <a href="http://mediamemo.allthingsd.com/20090414/gawker-refugees-get-a-second-act-defamer-crew-relaunches-movieline/">relaunched Movieline with staff from Gawker Media&#8217;s Defamer</a> site.</p>
<p>But Finke&#8217;s site will remain separate from the rest of Penske&#8217;s portfolio. She says she&#8217;ll expand her one-woman show by hiring a &#8220;senior&#8221; journalist based in New York City within the next three months.</p>
<p>That will be a tricky expansion to navigate: Recent history shows that blogs produced by dedicated/obsessive proprietors often stumble when they expand, in part because dedicated/obsessive proprietors may not be the best managers and in part because it&#8217;s tough to find people who want, or are able, to work for dedicated/obsessive proprietors.</p>
<p>And from my perch, this seems like a lousy time to sell an ad-supported news site. Not so, says Finke. Or at least, not her site.</p>
<p>&#8220;I was not anxious to sell. I was not looking to sell,&#8221; she says. &#8220;This was sort of a process where various people kind of wore me down&#8230;.I&#8217;m very pleased with what happened. What wound up happening was nothing like the offers I was getting a year ago.&#8221;</p>
<p><strong>UPDATE:</strong> You can now pick a number, depending on which news source you like, but they range from &#8220;low seven figures&#8221; to $15 million. It would be awesome if any of them are true&#8211;I need a bigger apartment, among other things, and it&#8217;d be great to know that you can get rich blogging&#8211;but the only one I think is remotely plausible is the lowest one, from Rafat Ali at <a href="http://paidcontent.org/article/419-mail.com-media-acquires-nikki-finkes-deadline-hollywood/">PaidContent</a>.</p>
<p>Gabe Snyder at <a href="http://gawker.com/5301831/nikki-finke-did-not-make-15-million-today">Gawker</a> does a nice job of running through the estimates and explaining why they don&#8217;t make sense.</p>
<p>The only thing I&#8217;d add is that all of the numbers being floated today are almost certain to include earnout clauses, meaning the deal is potentially worth up to X amount&#8211;<em>if</em> Finke&#8217;s site hits certain performance goals. Which is a lot different than saying she&#8217;s actually made X amount in the deal.</p>
<p>Another way of putting it, from a source who buys and sells media assets for a living: &#8220;Presumably it&#8217;s one of these billion dollar earnout deals. I&#8217;ll pay you a billion dollars&#8211;one dollar (more or less) upfront, and the rest as a percentage of revenues (or profits if I ever find someone else to sell this to). But in the meantime you can tell your friends that you were paid a billion.&#8221;</p>
<p><strong>UPDATE2: </strong>Now the <a href="http://online.wsj.com/article/SB124580498729244949.html">WSJ</a> estimates the deal at $10 million &#8212; but says that number includes equity from Mail.com, along with a $1 million upfront payment.</p>
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