Report: Disney buys 'green' newsletter Ideal Bite
It might not be appropriate for the Club Penguin crowd, but their moms apparently love Ideal Bite. Disney has paid about $15 million for it, PaidContent reported.
I guess this is what Disney would consider edgy: the company has reportedly acquired Ideal Bite, a "sassy" eco-focused e-mail newsletter that explicitly states it's "not for readers under age 18." The price was about $15 million, PaidContent reported. That's a lot smaller than Club Penguin, which Disney last year.
Ideal Bite is small even as far as e-mail lists go--it's no DailyCandy--but its demographic was likely of interest to a buyer like Disney. The site's median household income is $82,000, press materials state; the median age is 35; and the target demographic is the sort that "drinks organic wine after yoga." In other words, yuppie moms.
And "green" media is unsurprisingly a hot niche. Last year, Discovery Communicationsto accompany its Planet Green cable network, and the TreeHugger-Discovery partnership was recently selected to power the .
When we last heard from Ideal Bite, it wasin New York last year following an investment by the Pilot Group, the firm headed by MTV co-founder and former AOL exec Bob Pittman. The celebration featured a mechanical bull and dancers clad entirely in leaves, which I expect won't be featured in any kind of Disney-bought-us gala.
Then again, Disney is responsible for Desperate Housewives.