CNet
New Yorker On CBS's Purchase of CNET: "Like an Aging Outfielder Taking Steroids in Order to Stave Off The Boobirds"
Recently, CBS paid nearly $2 billion to purchase CNET, a San Francisco-based company that owns a diverse network of Web sites.
Was the purchase by CBS a smart idea?
Um, probably not.
That's the conclusion of James Surowiecki of the New Yorker, who writes about the merger in the current issue of the magazine. read more »
CBS Acquires CNET in $1.8 Billion Deal
CBS has just announced plans to acquire online media company, CNET, in a deal worth $1.8 billion.
The press release says: "The acquisition will make CBS one of the 10 most popular Internet companies in the United States, with a combined 54 million unique users per month, and approximately 200 million users worldwide."
Most of you probably know CNET.com, the Web site that breaks news about online and tech industries.
They're also the purveyors of ZDNet, GameSpot.com, TV.com, mp3.com, CNET news.com, UrbanBaby, CHOW, Search.com, BNET, MySimon and TechRepublic.
Full press release after the jump, and thanks to PaidContent.org, where we first read the news (you can find some more analysis of the deal there, and we'll come back to this when we've had a chance to think it through a bit). read more »
