DailyCandy is eliminating the special editions for seven of its twelve cities, according to an internal memo we've obtained, resulting in almost as many layoffs. NBC Universal, take heed: Even inside Comcast's profitable umbrella, no one is safe from cutbacks.
Harrison Ford turns 67 today. Stephen Glover, who you probably know by the name "Steve-O," is turning 35. Actor Robert Forster is 68. Patrick Stewart is turning 69. Writer/director Cameron Crowe is 52. DailyCandy founder Dany Levy is turning 37. Hedge fund manager Dinakar Singh is 40. Writer Dale Peck turns 42. Cheech & Chong's Cheech Marin is turning 63. And retired basketball player Spud Webb turns 46 today.
Daily Candy, the email newsletter for women who like to buy things, was improbably successful. Former journalist Dany Levy founded it in 2000; it quickly became profitable, and she sold a controlling stake in the business to the private investment firm Pilot Group in 2003 for $3.5 million. Pilot Group sold the newsletter to Comcast last week for (an unbelievable) $125 million. But Levy, we hear, retained about a 20% interest in Daily Candy-which would mean that she walked away from the sale with $25 million. That would make her the undisputed internet cash queen of New York media. Take that, Laurel Touby!
DailyCandy, the girly e-newsletter founded by Dany Levy and acquired by Bob Pittman's Pilot Group for $3 million in 2003, has changed hands: Henry Blodget's Silicon Alley Insider is reporting that Comcast has picked up the company for $125 million. [SAI]
Did Bob Pittman sell Dany Levy's email newsletter, Daily Candy, to cable giant Comcast for $75 million? That's the rumor. [Gawker]
Levy is the founder of DailyCandy, the chick e-newsletter with the editorial voice of an overly enthusiastic sorority girl. The company was sold to Comcast in August of 2008 for $125 million.
