Digging into digital biz

Zeitchik, Steven
May 2007
Daily Variety;5/31/2007, Vol. 295 Issue 42, p1
Trade Publication
The article reports on the announcement of Columbia Broadcasting System (CBS) Television Network on its acquisition of the Last.FM, an online music service for users in the U.S. CBS allotted about $280 million for such purchase while News Corp. Ltd. bought Photobucket, a video-sharing site, for about $300 million as well as Flektor, video-tools site for $20 million. Such moves showed the difference on how the two conglomerates approach to the Web 2.0 age.


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