New York - Comcast, the nation's largest cable TV provider and third-largest broadband provider, has agreed to acquire Daily Candy, a publisher of culture-related websites and e-mail newsletters in various cities, from former AOL head Bob Pittman's Pilot Group Ventures for $125 million, Silicon Alley Insider reported.

Currently, DailyCandy has dedicated sites and newsletters that offer tips on fashion, beauty, dining, travel and other topics for New York, Los Angeles, Chicago, San Francisco, Boston, Dallas, London, Washington, D.C., Atlanta, Philadelphia, Miami and Seattle.

SAI quoted a letter from Pittman to DailyCandy staff, which noted the company has grown subscribers from 200,000 to over 2.5 million since 2003, and is expected to see $25 million revenues and EBITDA of well over $10 million this year.

Related Links:
http://snipurl.com/3bvah (Silicon Alley Insider)

http://www.comcast.com

http://www.dailycandy.com