In broadcast first, network will put full-length shows on video site for free -- in Britain.
Nikki Finke Sells DHD for $14M
DeadlineHollywoodDaily sold to Mail.com; site looks to hire reporter in New York.
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He founded Mail.com in 2004 and raised $35 million in funding last October.
Finke's site was launched three years ago as the online portion of her column in the LA Weekly, which she began writing in 2002. Previously, she worked as a correspondent for the Associated Press and Newsweek, as an L.A. Times staff writer and as an editor and columnist for the New York Observer and New York Magazine.
To ensure DHD's continuation as an independent editorial voice and retain control over its credibility, Finke will take the title of General Manager, Editor in Chief and Founder.
In a March 23 posting, she said that the Reed Business Information/Variety Group had signaled interest in purchasing DHD, but later said "within a couple of days, the idea of Variety owning DHD was dead."
Comments
Qwerty Says
$15m - Come on Wrap. That's embarrassing math and reporting.games
nicki finki Says
Nikki Finke's site has become the most pointless and boring site. She lists the top three movies at the box office as if it's some exclusive scoop. I've checked it out every day for the last couple months, and which equals about 1 day's worth of content you can basically find on any entertainment website.
Hk Says
$15m - Come on Wrap. That's embarrassing math and reporting.
no way Says
I agree with Flip, no way did she get that much $$, the metrics just aren't there and if she did then Penske got taken for a ride! And Sharon, I assume you have a very good source, because why would you feed into Nikki's ego stating that high a price, unless you're just trying to pump up your traffic too with sensational headlines. Hmm...might be onto something there. And P.S., there's no way a deal was done without serious discussion about traffic and for Nikki to say she has no idea of her traffic is just BS. What a cluster-f**k.
No Way Says
One source? Really? Wow.
Ben Says
Pretty obviously neither commenter above work in show biz.
Flip Withit Says
I don't believe for a second that someone paid $14 million for a site that small. Your "knowledgeable" source is either yanking you, or misinformed. There is no way in the Hwd trade space to recoup that money; the ad dollars there are gone and ain't coming back. Ms. Waxman must know this perfectly well (count the ads here on the Wrap!), which is why she keeps pressing Ms. Finke on her traffic numbers. And Nikki's stuff is way too inside baseball to attract consumers (and the cheap $5 cpm's that go with consumer traffic). So only an actual financial idiot would pay $14 million. If it's spread out, it must be spread out over half-a-century. Check and see if it's not $14 million worth of stock options or similar flim-flammery.
Finked Up! Says
I have never seen someone more full of themselves than Finke. I have check ed out her site, but it's her inputting herself into the site that makes me cringe. I expected to find out that she was a teenager or someone in their early 20's due to the inmaturity of many of her posts. How she ever won an award for journalism is beyond me. Everytime I see her post "I told you so" I think of a 9-year-old child spouting that line.
See a therapist about your insecurities Nikke.
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