Comcast buys fashion newsletter DailyCandy for USD125m

Wed Aug 6 2008, 12:02 PM

Comcast has agreed to buy fashion and lifestyle email newsletter, DailyCandy, for an estimated USD125m, reports the Wall Street Journal, citing people close to the deal. Through the deal, DailyCandy will be acquired from investment firm Pilot Group and will reportedly be folded into the US cable operator's online division, Comcast Interactive Media. Comcast reportedly aims to boost the ad-supported newsletter's 2.5 million readership by heavily promoting it across its other web properties.

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