CBS Interactive is exiting the German IT publishing market, selling its stable of local sites – ZDNet.de, Silicon.de and CNET.de – to NetMediaEurope (which also owns Gizmodo.de, ITespresso.de and Channelbiz.de).
Terms of the deal were not disclosed.
Read more at TechCrunch Europe.
CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry. CBS, through its many and varied operations, combines broad reach with well-positioned local businesses, all of which provide it with an extensive distribution network by which it serves audiences and advertisers in all 50 states and key international markets. It has operations in several...