The Money Behind The Journalism Online Deal

Staci D. Kramer reports on Journalism Online:


Journalism Online Founders: Gordon Crovitz (l), Leo Hindery, Steve Brill (r)


RR Donnelley execs aren’t talking —neither are Steve Brill and Gordon Crovitz, at least about deal details—but paidContent has learned from multiple sources that the value of the Journalism Online-Press+ deal is in the range of $35-to-$45 million, including possible earnouts. When I spoke with News Corp.‘s Jon Housman earlier today he would say only that the company’s minority stake had “appreciated considerably.”

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