Synergies available in CNET acquisition
Saul Hansell of the New York Times writes about the synergies that CBS will be able to bring to its acquisition of tech news provider CNET Networks. Hansell writes, “For one, CBS is also a company with well-known brands and sluggish growth. So CNet adds some luster to CBS, even if it would drag down […]
CBS to purchase CNET for $1.8 billion
CBS has agreed to purchase tech news Web site operater CNET Networks for $1.8 billion, according to a story from Mike Barris of The Wall Street Journal. Barris writes, “San Francisco-based CNET owns such Internet entertainment, news and information sites as CNET, ZDNet and GameSpot.com. The company has ‘a large international footprint, particularly in China,’ […]
CNET posts loss, revenues shy of estimates
Online technology news company CNET Networks Inc. posted a first-quarter loss and had revenues that were below analyst estimates, according to an AP story. The AP story stated, “For the quarter ended March 31, CNet posted a loss of $6.1 million, or 4 cents per share, compared with a loss of $9.1 million, or 6 […]
CNET expected to announce editorial deal with Yahoo
Kara Swisher of The Wall Street Journal reports that tech news company CNET is expected to announce a deal later today with Yahoo! in which it will distribute its content on the Web search engine’s sites. Swisher writes, “Under the new deal, sources at both companies said a large swath of CNET tech news and […]
BNET expanding coverage to industries
Business news web site BNET, a division of CNET Networks, launched Tuesday a new section providing news and analysis for 11 major industries. There’s a blast of original content running throughout the entire section, in the form of industry blogs, says BNET executive editor Jeff Davis. “The audience for this is managers and executives in those industries […]
Tech journalists who do, and don't, twitter
Charles Cooper of CNET decided to see what tech reporters used social networking software Twitter, and which ones didn’t. Cooper writes, “I included names of some online reporters — including colleagues from CNET as well as TechCrunch — but in the main, the list is comprised of people employed by A-list newspapers and periodicals. “I […]
Dissident shareholders outline plan for CNET Networks
AP business writer Michael Liedtke writes that dissident shareholders described CNET Networks’ management as incompetent and lackadaisical in its latest efforts to steer the slumping technology news and entertainment company in a new direction. Liedtke writes, “By deploying better tools to sell more advertising and highlight CNet’s listings in Internet search results, Jana believes it […]
CNet lays off 120
CNet Networks Inc. says it is laying off 120 employees as part of an effort to streamline the online media company while generating more content for its business news and entertainment sites, according to an Associated Press story. The AP story stated, “All the layoffs — about 4.4 percent of CNet’s work force — will […]
Battle for CNET board escalates
John Letzing of Marketwatch reports that CNET Networks Inc. is considering an appeal of a court decision permitting a group of investment firms seeking greater control of the tech biz media company to nominate new members of its board. Letzing wrote, “In a statement, CNet said Thursday that, ‘We are reviewing the Court’s written opinion […]
Negotiating the CEO interview
Jack Flack of Conde Nast Portfolio writes Monday about how business journalists and PR people for companies negotiate with each other when it comes to interviewing the chief executive officer, and offers five rules. This comes after CNET reporter Elinor Mills‘ story about her interview with Google CEO Eric Schmidt. Flack wrote, “Those negotiations, like […]
