It’s Daily Cantastic!

Everyone’s favorite local media conglomerate, Comcast, has purchased email newsletter Daily Candy for a whopping $125 million. Who said the economy was going to slow down the acquisition parade?

Comcast EVP Sam Schwartz said Daily Candy has “an extremely loyal base of fashion and lifestyle-conscious women. The company pioneered the ad-supported e-mail model and has built an industry-leading sales team.” A friend writes that it also has about 2.5 million subscribers, which means Comcast paid about $50 per user — an extremely high sum.

But, hey, when you the opportunity to acquire a captive (or loyal, whatever) audience of women obsessed with stickers and jellybeans or whatever it is Daily Candy writes about, does money really matter?

Comcast Buys Daily Candy for $125M [Philadelphia Biz Journal]

Shareholder: It’s A Comcastrophe!

Barron’s yesterday reported a major shareholder of Comcast wants Brian Roberts fired. A Jan. 14 letter from Chieftan Capital to Comcast called the Roberts’ reign of terror a “Comcastrophe” (cute) and said he should be axed. Although the Roberts family only owns 1 percent of Comcast’s shares, it owns “dual-class shares” which gives ‘em control of the company. Comcast sez it’s no big deal and it’s met with Chieftan Capital and will smooth everything over in time. Comcastrophe!