Kevin Maney submits: CBS
(CBS) said this morning it will buy tech news network CNET (CNET) for $1.8 billion.
That's probably helpful to both. CBS is in the declining network TV
business, and its prospects have been going nowhere, its stock in decline since mid-2007 . CNET's stock has essentially gone nowhere for years, and it's been facing down activist shareholder action of late. Seems like the deal will protect CNET while giving CBS some solid Internet-era outlets. Complete Story » ...
Anytime
