CBS To Acquire CNET For $1.8 Billion

“The core businesses of CNET Networks and CBS Interactive represent near perfect category symmetry in premium online content,” Quincy Smith, President, CBS Interactive. And that symmetry i

Jana Consortium: CNET leadership has "presided over massive value destruction"

The battle over the future of CNET continues. This morning the Jana consortium, which announced an attempt to take control of the CNET board of directors in January, published a website and white pape

CNET Cuts 10% Of Workforce, Effective Immediately (Updated With Internal Memo)

CNET has announced that it will cut 10% of its workforce, or 120 people, effective immediately, in a move said to help it “focus on long-term growth amid complaints from some investors.” C

Battle Of The Podcasting Geek Chicks

A long weekend usually means less news, but for those looking for a new and quite often attractive take on news, the ongoing battle for geek chick supremacy offers a bountiful choice. Webb Alert http:

CNET Soap Opera Continues; CEO Neil Ashe May Be Fighting For His Job

Despite CNET’s unexpected legal setback last week in their fight against what is now their largest stockholder (a consortium of investors led by Jana Partners), the board and management team con

Why Is Natali Del Conte Speaking Spanish?

I’m pretty sure that’s former TechCrunch writer Natali Del Conte speaking Spanish. Yep, that’s definitely Spanish all right. Natali, who recently launched a new show on CNET TV calle

A Funny Moment At The Flickr Party Tonight

I was at Flickr’s fourth birthday party tonight in San Francisco with a few hundred Flickr fans, tech geeks, press and Yahoo/Flickr employees. At some time around 8 pm Dan Farber, the new Editor

Judge Throws Out CNET's Objections to Investor Lawsuit

The showdown between CNET and its largest shareholder, Jana Partners, may be entering a new phase. Following a tense meeting last week with Jana representatives, there is now a good chance CNET’

CNET Board Has "Tense, Uncomfortable" Meeting With Jana Consortium

Last Thursday, March 6, multiple sources say, the CNET board of directors and CEO Neil Ashe met with representative from the Jana Partners investor consortium that has amassed a 21% ownership stake in

CNET Changes Quarterbacks: Dan Farber Takes Over As Editor In Chief

Big news at CNET today – editor in chief Jai Singh is out, and Dan Farber, most recently the editor in chief of CNET -owned ZDNet, is taking over. In his new role, Dan will oversee the editorial

Consumating To Join The Deadpool

Tag based dating site for geeks Consumating is to shut March 15, according to a notice posted to the Consumating forums. Consumating was acquired by CNet in December 2005 and was later relaunched in J

Google To Acquire Stake In CNet?

Nearly completely missed amid the noise around Microsoft’s takeover offer of Yahoo was speculation Friday that Google may be looking to acquire at a stake in San Francisco-based CNet. CNet share

Natali Gets Loaded Today

Former TechCrunch Writer Natali Del Conte’s new CNET TV show, Loaded, launched today. And true to CNET’s general policies, the show is not embeddable on other websites (you can see it here

Is Time Running Out For CNET And Its 2,600 Employees?

The New York Times is reporting that a group of investors has gathered a 21% stake in CNET and is trying to take over the board of directors and seriously shake things up. This comes after years of po

CNET To Shutter Newsburst RSS Reader

CNET will shut down its online RSS reader, Newsburst, on December 31, 2007. An email went out to users and a notice has been displayed on the site (see below), along with instructions on exporting new

NYTimes Surges, CNet Slumps

Ever since the swept away the last remaining boulders of its subscription pay wall (aka Times Select) in mid-September, its traffic has been going through the roof. According to comScore,

CNET Provides Branded Widgets, But Who Will Use Them?

CNET Networks, the parent company for CNET .com,,, GameSpot and several other web destinations, has released a set of widgets for embedding their videos on non-CNET websites. The widget

CNET Sells Webshots For $45 Million; Other News

Ok, the CNET news we hinted at is starting to roll in. They’ve sold Webshots, a photo sharing site, for $45 million in cash to American Greetings. The reason, says CNET Neil Ashe, is to allow CN

CNET's Shiny New $250 Million Credit Line: What Will They Use It For?

Update: See announcements here. CNET has sold Webshots for $45 million in cash as well as other announcements. They have not announced a stock buyback or any acquisitions, but its clear that they are

CNET Founder Shelby Bonnie Unveils His New Startup: PoliticalBase

Shelby Bonnie left the company he co-founded with Halsey Minor, CNET, just about one year ago. This morning he launches his next startup, PoliticalBase. The site, which focuses on local, state and nat
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