Peter Kafka

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DailyCandy CEO Pete Sheinbaum Steps Down

psheinbaumDailyCandy CEO Pete Sheinbaum is leaving the company, less than a year after Comcast bought the fashion and shopping newsletter from Bob Pittman’s Pilot Group Ventures for $125 million. His last day is Friday.

Sheinbaum, who started working for the company as a consultant in 2000 and took the top job in 2005, says he doesn’t have a new job lined up yet, though I’m told he has options. “I let them know after nine years it was time to look for the next thing,” he says via email.

I’m told that Comcast (CMCSA) is still pleased with the acquisition, which may have been the last Web 2.0 deal to close before last fall’s crash.

Here’s word from Comcast: “We wish Pete well, thank him for his work in growing Daily Candy. Catherine Levene, Chief Operating Officer and [founder] Dany Levy will continue to lead operations. For Comcast Interactive Media, IM, Daily Candy is overseen by Chuck Davis who is EVP at CIM and also runs Fandango. The transition under CIM has gone well and the company continues to grow–DC has added DailyCandy Video and DailyCandy Weddings.”

Here’s an interview with Sam Schwartz, the Comcast executive who engineered that deal and who says he’s still interested in other Web M&A:

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work