News Corp. acquires Skiff, invests in Journalism Online

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New York—News Corp. Monday announced two moves designed to bolster its efforts to deliver paid content on the Web.

The company said it acquired Hearst Corp.'s Skiff, an e-reading platform for delivering content on tablets, smartphones and other devices. It also announced an investment in Journalism Online, a startup that aims to help newspapers generate paid online content. The venture was formed last year by Steve Brill, L. Gordon Crovitz and Leo Hindery.

“Today's developments underscore News Corp.'s ongoing commitment to create strong business models that support journalism at a time of great change in our industry,” Jon Miller, News Corp.'s chief digital officer, said in a statement. “Both Skiff and Journalism Online serve as key building blocks in our strategy to transform the publishing industry and ensure consumers will have continued access to the highest-quality journalism.”

News Corp., which owns The Wall Street Journal, did not disclose financial terms of either deal.

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