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.
Comcast paid an un-fucking-believable $125 million for DailyCandy — just a simple shopping e-newsletter, if you're not familiar with it — just over a year ago, greatly enriching former AOL exec Bob Pittman, who had previously acquired it for $3 million. Amid all the investment, DailyCandy expanded from New York to London, Los Angeles, Chicago, San Francisco, Miami, Dallas, DC, Boston, Atlanta, Seattle and Philly.
DailyCandy will now stop publishing city-specific editions in all but five of those 12 cities: New York, London, LA, Chicago and San Francisco. Subscribers in the other cities will now receive an "Everywhere" edition, supplemented with local news and events twice a week.