fashion-memopad
fashion-memopad

Sweet Deal... Now the Web Costs More, Too... Franco Fan...

DailyCandy has been scouting for a buyer for some time, and on Tuesday it finally found one.

SWEET DEAL: DailyCandy has been scouting for a buyer for some time, and on Tuesday it finally found one. The free daily e-mail newsletter and Web site was picked up by Comcast Interactive Media, a division of Comcast. Sources close to the deal said DailyCandy was sold for about $125 million; executives on both sides declined to comment. Peter Sheinbaum, DailyCandy’s chief executive officer, said its roughly 2.5 million subscribers can expect the same kind of content, but he sees opportunities for expansion for different platforms, such as mobile. Comcast Interactive Media’s executive vice president, Sam Schwartz, said the company has been looking around for potential acquisitions, and DailyCandy could work well with the group’s properties such as Fandango.com and comcast.net. DailyCandy has 13 daily editions and was founded in 2000 by Dany Levy. Advertisers currently on the site include Bacardi, Absolut and NuvaRing. DailyCandy, which also was said to have been in talks with Viacom about a possible deal, has been working with the E network, a Comcast cable channel, and a spokeswoman said it will continue to do so. — Amy Wicks

Page:  « Previous Next »
VIEW ARTICLE IN ONE PAGE
load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false