Ronald Grover of BusinessWeek writes about the plans new owner CBS has for online tech news service CNET, which it bought earlier this year.
“What’s not likely to change is the mountain of expectations that CBS still has to climb. CBS wanted CNET so badly that it raised its offer for the company three times, according to CNET’s financial statements. ‘We had a lot of companies who took a look at us,’ says former CNET Chairman Jarl Mohn, who rattles off companies like Walt Disney and Time Warner. ‘Only Leslie heard what we were saying.’
“So how does Moonves make the CNET deal pay? There will be some cost-cutting, he allows, but not much. CNET was making money already, and Moonves says the deal is immediately accretive to CBS. And with a total of 54 million monthly users to its sites, CBS is already a top 10 online player. But there’s a big upside if he can convince even more folks to come to the online screen, just like he did at the CBS network more than a decade ago. Maybe it works. Maybe it doesn’t. But don’t try to get in Moonves’ way while he figures it out.”
Read more here.
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…
Clare Fieseler has been hired by Politico and subsidiary E&E News to cover renewable energy,…