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Comcast drops $125 million on a looong list of emails

Published: Tuesday, August 05, 2008

SDH
Comcast dug into its deep pockets, not to purchase a newspaper or smaller cable company, they dropped some cash on Dailycandy.com, a shopping newsletter for the shopping female to fluff up its Comcast Interactive offerings. Comcast CEO Brian Roberts no doubt ran this by the wife and got positive feed back. However the real winner in this is Bob Pittman, the man who played a huge roll in the dumbest merger in the history of American business. Pittman paid $3.5 million for the newsletter and now he and his partners at the Pilot Group are walking away with that and much much more. We're shocked to hear that Viacom was also in the running to acquire the site but was out bided by Comcast. Viacom sure does have a bad rep of being out bided don't they. Wonder if Viacom Prexy Phil Dauman will lose his job over this latest miss? Look for some kind of tie up with Comcast’s The Style Network and E! Entertainment Television programming.

Labels: BRIAN_ROBERTS, CABLE, Comcast, DailyCandy, NewMedia, PhilippeDauman, Viacom

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