News Corp. Invests in Steve Brill’s Pay-Wall Startup

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Rupert Murdoch's News Corp. has joined as a minority investor in Journalism Online, the "venture dedicated to enabling newspapers, magazines and online-only publishers of quality content to collect revenue from their online readers" started by Steve Brill, Gordon Crovitz, and Leo Hindery last year. It's an interesting move, as News Corp. has already moved ahead with its own form of pay walls for its British newspapers. The media giant also announced today that it acquired Skiff, the journalism e-reading platform for tablets and smartphones developed by Hearst. [MarketWatch]