Tuesday, June 23, 2009
Mail.com Buys Entertainment Blog
Los Angeles-based Mail.com Media Corporation, which operates the email service Mail.com, said today that it has acquired an entertainment focused blog, DeadlineHollywoodDaily.com. Financial terms of the deal were not disclosed. DeadlineHollywoodDaily.com was founded by Nikki Finke, a former Newsweek, Los Angeles Times, and New York Magazine writer and reporter. Mail.com operates a number of online content-focused sites, including HollywoodLife.com, MovieLine.com and OnCars.com, in addition to its online email services. The company is backed by Quadrangle Capital Partners, which invested $35M in the firm back in October of last year. Mail.com is run by Jay Penske, who was founder of Firefly Mobile; Penske also co-owns the IndyCar racing team Luczo Dragon, along with Seagate Technologies' Steve Luczo--Penske also happens to be the son of automotive magnate Roger Penske, owner of automotive firm Penske Corporation.