CBS to buy CNET for $1.8bn, as traditional and digital complement each other
Posted by Jean Yves Chainon on May 16, 2008 at 9:29 AM
As known for the past 24 hours, US broadcaster CBS is to acquire digital media content company CNET Networks for $1.8 billion.
The acquisition of CNET, owner of websites such as GameSpot.com and ZDNet, should boost CBS web traffic to 200 million monthly unique users, helping it to become one of the top 10 Internet companies in the US.
"The core businesses of CNET Networks and CBS Interactive represent near perfect category symmetry in premium online content," said Quincy Smith, president of CBS Interactive.
For more information, view some of the sources below.
Source: paidcontent.org - Guardian - News.com - EJC
The acquisition of CNET, owner of websites such as GameSpot.com and ZDNet, should boost CBS web traffic to 200 million monthly unique users, helping it to become one of the top 10 Internet companies in the US.
"The core businesses of CNET Networks and CBS Interactive represent near perfect category symmetry in premium online content," said Quincy Smith, president of CBS Interactive.
For more information, view some of the sources below.
Source: paidcontent.org - Guardian - News.com - EJC
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