By: E&P Staff
Gorkana, the online media jobs site whose e-mail newsletter is the most welcome item in many an unemployed journalist?s in-box, was sold to a private equity firm in a deal valued at about $38 million, The Telegraph in London reported.
The British-based business was bought by Exponent.
Alex Northcott and Michael Webster launched Gorkana in 2003 with $152,000 in money put up by family and a re-mortgage of Webster?s house, according to the Telegraph. They will remain at the business.
Though best known for its jobs newsletter, Gorkana?s principal asset is a database of journalist that allows public relations workers to target individuals and media outlets.
Gorkana is named after a Gurkha sergeant who saved Northcott’s life.