A bellwether for a digital economy turnaround? Nikki Finke’s Deadline Hollywood Daily, which we featured only days ago, was sold for an estimated $14M to Mail.com this week, according to industry website TheWrap. Coincidence? I think not. A mere mention on our venerable blog obviously would gild the site’s value by a factor of at least ten, so don’t we deserve some sugar? No? Okay, then we’ll settle for a good timing certificate.
So is this a legitimate benchmark for new media or an anomaly? Seems like the latter. Sharon Waxman from TheWrap had a great commentary on this issue three months ago: Read the rest of this entry »