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CNET BUY ADDS BADLY NEEDED ONLINE PRESENCE May 16, 2008 -- CBS boss Les Moonves yesterday moved to step up the Tiffany Network's presence on the Internet in a big way, announcing a deal to acquire San Francisco-based Web information and entertainment giant CNET Networks for $1.8 billion in cash....
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Memo to CBS: Listen to CNET
Dear Les Moonves, It was a very smart move for you to acquire CNET. I’ll save all the business analysis for others, because I’m not sure you really understand a certain intangible — namely that the talented group of observers and writers who make up your acquisition can really, really help you...
The PoMo Blog: Memo to CBS: Listen to CNET
Dear Les Moonves, It was a very smart move for you to acquire CNET. I’ll save all the business analysis for others, because I’m not sure you really understand a certain intangible — namely that the talented group of observers and writers who make up your acquisition can really, really help you...
CBS CEO Les Moonves to visit CNET next Tuesday [Rumormonger]
After buying CNET for $1.8 billion, CBS CEO Les Moonves is getting around to inspecting his new property next Tuesday, we hear. Moonves is visiting CNET's San Francisco headquarters to address the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
CBS Buying CNET For $1.8 Billion; CBS Predicts $1 Billion Interactive Revenues By 2010
CBS will pay $11.50 a share for CNET. The all-cash deal represents a premium of 44% above the $7.95 CNET closed at yesterday. If you take the JANA team's argument at face value, this deal won't satisfy them -- they wanted significant structural and management changes, and from the looks of the...
Analysts Weigh In On CBS-CNet Deal
CNet Will Bring Younger Demographic To CBS (PaidContent.org) This story was written by David Kaplan. As a TV company, CBS (NYSE: CBS) has long skewed older, a notion CEO Les Moonves has both embraced and bristled at. The company's $1.8 billion purchase of CNET (NSDQ: CNET) Networks could help...
CBS Expects Local Benefits from CNET Buy
In its bid to establish itself as a meaningful online company, CBS Interactive has downplayed its traditional strength in local vis a vis TV stations, radio stations and outdoor. The company’s just announced acquisition of CNET for $1.8 billion doesn’t necessarily change things. But company...
Should Viacom have bought CNET?
Filed under: Deals, Internet, Viacom (VIA), CBS Corp 'B' (CBS)So the big news on Thursday was CBS' (NYSE: CBS) hefty $1.8 billion purchase of CNET (NASDAQ: CNET). Douglas McIntyre already explained why this was such a "weird deal" in an excellent article that you can read here. I'd like to expand...
CBS Seeks Internet Buzz
Word Count: 651 | Companies Featured in This Article: CBS, CNET Networks CBS Corp. Chief Executive Leslie Moonves had a bit role in "The Six Million Dollar Man" in 1977, but never made it as an actor. So maybe it's time that Mr. Moonves stop acting like an Internet dealmaker. CBS's $1.8 billion...
What CBS Sees in CNET
Posted by: on May 15 A hearty congrats to CBS CEO Leslie Moonves and CBS Interactive head Quincy Smith—because, by all accounts, neither gave up nary a flickering hint that something big was coming down even as they schmoozed with reporters at a CBS upfront shindig last night. (Unrelated and...
CBS to buy web publisher CNET for $1.8 billion
Reuters NEW YORK - CBS Corp said on Thursday it would buy web media company CNET Networks Inc for about $1.8 billion to boost the television broadcaster's reach across the Internet. The deal could also put to rest a brewing fight between CNET and an activist investor group led by hedge fund Jana...
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