CBS Acquires CNET Networks for $1.8 Billion 100
An anonymous reader writes "According to an announcement made today by Neil Ashe, CEO of CNET Networks, CBS has acquired CNET Networks. "Today, CNET Networks announced that it has been acquired by US media company CBS, in a deal valued at $1.8bn. The agreement represents an important strategic step for both companies and should be completed by the third quarter of 2008." So guess we'll be seeing The Late Show with Dan Ackerman, Molly Wood in Hollywood and CSISpot." If you'd like to read about it someplace other than CNet, Ian Lamont contributes a link to coverage at The Standard. It seems reasonable to ask how much longer they'll let news.com remain an IT-centric site.
New name? (Score:5, Funny)
Amazing. (Score:5, Funny)
CBS's getting away from the nursing home crowd? (Score:5, Funny)
They really NEED some modernization over there. Granted they will have to explain the concept of the "internet" to many of their staffers, but hey if they can learn to use a telegraph, they can learn the internet too. And maybe someone on a CNET forum can tell them about Andy.
Why should I care? (Score:4, Funny)
Re:New name? (Score:4, Funny)
Re:other Second Rate Site Acquired By Big Media (Score:2, Funny)
Address of the future news.com (Score:4, Funny)
Re:New name? (Score:3, Funny)
Well, for me, CNet was the Matlock of review websites: all the action was pretty slow-moving, there were ads everywhere, and they never tried to scare you with something you hadn't seen before a hundred times. Coincidentally, CBS is the Matlock of television networks, so I think this is going to work out juuuuust fine.