Did Duncan Get Enough?
lot of few people emailed me to say I was a nut at putting the value of Blog Herald so high. To those folks I point to today’s Wall Street Journal.
Robert Pittman, former American Online official, has put his small web business, called Daily Candy, up for sale, a deal which will be an important measure for the pace and valuation of web deal making, writes The Wall Street Journal.
After buying a controlling stake in Daily Candy – which produces urbane email newsletters that make daily shopping, food and media recommendations – in 2003 for $3.5 million, Pittman could sell the business for more than $100 million. Some potential buyers fear that all the best web properties have already been bought, meaning the remaining buyers may have to pay high prices for marginal properties.Explore posts in the same categories: blog herald, blog networks, Duncan Riley, money, old media