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Sources Put up Journalism Online Sale at $40 Mil

R. R. Donnelley & Sons Co. isn't saying how much it's paying to buy up Journalism Online and its Press+ paid content management system. Sources, however, told paidContent that the purchase price is likely between $35 million-to-$45 million, including possible earn outs. When I spoke with News Corp.'s Jon Housman earlier today, he would say only that the company's minority stake had "appreciated considerably."

The only thing Gordon Crovitz would say about the value of the deal is: "We're very happy with this transaction." According to paidContent, Journalism Online was only on the block briefly before the R.R. Donnelley deal was brokered by the Jordan, Edmiston Group.

"The decision to look for a buyer came as the company was looking at further investment," paidContent reports. Crovitz, the former publisher of the Wall Street Journal, said the sale also comes as the paid content question shifts from whether or not consumers will pay, according to paidContent.

Read the whole story at paidContent »

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