TITLE

CBS has Eye on CNET for $1.8 Billion in Cash

AUTHOR(S)
Barrett, Larry
PUB. DATE
May 2008
SOURCE
Multichannel News;5/19/2008, Vol. 29 Issue 20, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that CBS Corp. has agreed to pay $1.8 billion in cash for CNET Networks and its technology news and product review Web sites and thus buying access to 54 million unique online visitors per month. According to analysts, CBS paid a high price for CNET and its roughly 140 million aggregate monthly users. They suspect that CBS is trying to build a more formidable presence on the Web.
ACCESSION #
33003274

 

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