Silicon Alley Insider is reporting that Comcast has bought newsletter service DailyCandy for an unconfirmed $125 million. The site caters to women interested in fashion, food, travel and other cosmopolitan topics.
Comcast apparently beat out Viacom with its willingness to pay $5 million more than Viacom’s offer of $120 million. Bob Pittman of Pilot Group Ventures, the holding company of DailyCandy, says the service was expected to hit $25 million in revenue this year with an EBITDA of over $10 million.
DailyCandy is understood to have been on the block for years, with speculation from just last month that it would sell for $75 million.
comcast in the valley has always been a big joke they overpay for everything
Comcast is ghey!
yeah I’m pretty surprised about this one. that’s a lot of money for a site like this- no video or anything beyond typical posts. Maybe a Daily Candy TV show developed by comcast in the works? hmmm
@Shira Lazar – I think the lesson here is that it is still possible to over-engineer a service, and a lot of bells and whistles isn’t what it takes to get a wide audience. Most people (TechCrunch readers excepted) are put off/confused by technology. Daily Candy’s service is beautifully simple. I am surprised at the price tag, but only because I had no idea of DC’s reach & profitability.
Now, sit back and watch as Comcast screw it up by adding loads of cool new features.
its the network .. pretty popular in major metros among high earning women .. cant understand women can u?
Next up – PopSugar?
For less, they could have bought powerset!
Ha ha he he….
hahahahaah, good joke
Wise or Waste? Comcast buys DailyCandy for $125 M [VOTE] – http://www.thri...rfail.com/4f785
Who know women minds?
What’s the price of women loyalty?
And even smart women is conservative to moving place of gathering, though they all love fast changing fashion.
Comcast might have overpaid making people be jealous, but this is just another topic.
$20 says comcast announces price hikes next month
Curious – Alley Insider reports a bidding war, but CNET says otherwise – http://news.cne...-36.html?tag=bl
I wonder if Alley and Candy share a Pilot at the helm?
Hey Comcast I’ve got 1/70th of DailyCandy.com’s audience. Please cut me a check for $1.78 Million. And my sites parked! Really, cut a check.
Hey Video.org, chances are your audience is shit. Its the demographics they are paying for. Lots of facebook app developers got huge audiences, but the apps are worthless because they aren’t able to monetize them.
Not at Michael’s usual level or digging deep for stories. Just read other stories on web that this news was made nice by Alley as Bob is an investor. @ Curious- yes they do share the investor, see Alley’s about us.
Journal said Bob tried to sell at $100M 3 years ago, then again and again and again. Looks like good revenue, but email is direct marketing and gets way lower valuations than media, else should have been a 200-250M sale (IVIl bought by NBC for 650M 2 years ago with 65M in revenue remember?)
What the hell is Comcast doing- trying to buy a write off like AOL did with Bebo? They are a cable company! As Woodie said, “You are a Toy! You are a Toy!” There is no infinity and beyond.
Who made how much? Did all the money go to Bob and the investors? Are the new employees feeling they were used as the showroom dummies? Did someone say that no one reads these emails anymore? Are the bankers smiling? Is Comcast going to lower my bill now?