Financial Times FT.com

Digital buyer for Hollywood news website

By Matthew Garrahan in Los Angeles

Published: June 23 2009 21:47 | Last updated: June 23 2009 21:47

Nikki Finke, the blogger who has shaken up news reporting in gossip-hungry Hollywood, has struck a deal to sell her Deadline Hollywood Daily site to Jay Penske’s Mail Media Corporation, a digital network backed by Quadrangle, the investment firm.

Ms Finke’s ability to break scoops and report news that Hollywood studios would often prefer remained a secret has helped her build a large online audience since launching the site three years ago.

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