"Comcast sweetens its online menu with Daily Candy
NEW YORK (AP) — Cable and Internet service provider Comcast Corp. is expanding its online menu with the acquisition of Daily Candy, an electronic newsletter catering to women looking for tips on fashion, food and fun things to do in big cities.
Financial terms weren't disclosed. The Wall Street Journal reported the sales price at about $125 million, citing people familiar with the matter who it did not name.
Founded in 2000 by Dany Levy, Daily Candy boasts about 2.5 million readers who signed up to receive daily newsletters in their e-mail. It produces different daily editions for London and 11 U.S. cities: Atlanta, Boston, Chicago, Dallas, Los Angeles, Miami, New York, Philadelphia, San Francisco, Seattle and Washington D.C.
Like most Web sites, New York-based Daily Candy makes its money from advertising.
Philadelphia-based Comcast hopes to expand Daily Candy's audience by promoting some features on its other Internet properties.
Besides a general-purpose Web site that anchors its high-speed Internet service, Comcast also owns the online video service Fancast and movie ticket broker Fandango." (http://ap.google.com/article/ALeqM5jKrIxMVzYY_fTMMYx4wpXpsaZr5AD92CFCT00)
Image courtesy of Daily Candy
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