Time.com
CBS Corp. says it has agreed to buy online technology news and entertainment company CNet Networks Inc. for about $1.75 billion. The owner of the CBS television network and TV stations said Thursday the deal will boost its online presence and allow it to tap the growing market for online advertising.

One of CNet’s largest shareholder has been agitating for a shake-up at the company after its shares fell sharply in the past year. CNet’s Web sites include News.com, TV.com, Mp3.com, MySimon and GameSpot. Read more

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Posted by markw, filed under Finance. Date: May 15, 2008, 9:37 am | No Comments »

Photo lightmatter

Since The New York Times reported on the hidden ties between media military analysts and the Pentagon on April 20, ABC, CBS, and NBC have still not mentioned the report. By contrast, during their April 28 evening news broadcasts, all three networks reported on the Vanity Fair photo of Miley Cyrus.
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Posted by markw, filed under Media. Date: April 30, 2008, 11:48 pm | 2 Comments »