NEW YORK (AP) -- Media and entertainment company CBS Corp. is buying CNet Networks Inc., an online news and information provider, for $1.8 billion in cash in its latest bid to expand its reach on the...
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...
Old media's voracious appetite for internet assets was underscored yesterday as CBS, the US broadcast network, said it had agreed to pay $1.8bn in cash for CNET Networks, a technology and entertainment website operator.
CNET is one of the last of...
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CBS said Thursday it would buy CNET Networks for $1.8 billion in cash, marking its biggest online acquisition since hiring Quincy Smith, a former media and technology investment banker, to lead its interactive unit in late 2006. The deal came as...
The economic pressures which guide media corporations towards greater efficiency, profitability and growth, require strong regulation to keep them subordinated to the needs of a democratic society: free speech and diverse viewpoints in an...
