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In a recent post on B2B Magazine’s web site, Stephen Brill, L. Gordon Crovitz and Leo Hindery announced the launch of Journalism Online, a company designed to help newspapers, magazines and other media get paid for content distributed online.

And publishers of every print media could use the help.  Magazine revenue dropped nearly 25% this past quarter. Newspaper and other medias are down big, too.

The new venture will build and manage a password protected site where content from client publications will reside. Users will be able to purchase access to the site’s content and the site will negotiate royalties from other web site publishers for rights to the content.

The venture will also provide reports to its publisher clients on best practices for generating additional circulation revenues.

The three partners have experience in major media ventures ranging from cable television (Brill was the founder of CourtTV) to newspaper (Crovitz is a former publisher with the Wall Street Journal) to technology (Hindery is the former CEO of AT&T Broadband.

For now, all Journalism Online has is a small web site with biographies of the founders and a copy of their press announcement regarding the launch of the venture.

We’ll check back later and see how they’re coming along.

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