“The Daily Mail will be like, ‘Bella must have been out partying last night’ because they got a photo of me not wearing makeup with acne. They’re like, ‘She looks really tired out. Maybe the drugs are really wearing on her skin.’ … I get so mad. So are you telling every kid with cystic acne that they…”— Bella Thorne, latimes.com
“The owner of the Daily Mail, the publisher that bought Elite Daily in January 2015, says the New York-based startup has been a bust, and has written down all of its investment in the money-losing company, citing ‘poor performance.’ It is taking a $31 million loss in the process.”— Peter Kafka, recode.net
“Reports at the time of Elite Daily’s sale pegged the price at $40 million to $50 million. But a financial report from the Daily Mail and General Trust says the company paid 17.6 million pounds for the company — about $26 million dollars at 2015 exchange rates. It’s possible that retention bonuses or…”— Peter Kafka, recode.net
“Britain’s Daily Mail & General Trust PLC said Friday it has acquired cultural news website Elite Daily, which bills itself as ‘the voice of Generation Y,’ under a plan to broaden the U.K. publisher’s footprint in the U.S. The deal price was $47 million, a person familiar with the situation said. Eli…”— Lukas I. Alpert, wsj.com