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 5/10 Good --- seekingalpha.com http://feeds.feedburner.com/internetstockblog
| 'Internet' Tag RSS Syndication from SeekingAlpha.com ... |
Friday, May 16, 2008 --- 64 days ago http://seekingalpha.com/article/77523-cbs-and-cnet-vision-or-desperation?source=
| Mathew Ingram submits: So CBS (CBS)— an “old” media giant that hasn’t been doing so well lately — plunks down $1.8-billion for CNET (CNET),
a “new” media giant that hasn’t been doing so well lately. Does this
sound like something to get excited about? Not to me. In fact, it
sounds a little like desperation on both sides — CNET to get a deal
done that would get it out of the clutches of some disgruntled
shareholders, and CBS to get some kind of coherent online strategy
going in the ninth inning. Some others seem to disagree, however. In
fact, it’s interesting to see the polarized opinion on the deal when
you look at some of the opinion out there.
Fred Wilson of A VC probably came closest to my thoughts on it when he sent a Twitter message right after the news broke, and said that
he didn’t really care about the deal because it was “all about
yesterday, not tomorrow.” Mike Arrington, who has been a relentless
critic of CNET — and even wrote a post about how some of the top blogs
should get together and destroy it — says that : Complete Story »
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