When a young kid has to go move in with his grandparents, it’s not always the best fit, but CBS acquiring CNET might just work.
The suits at Viacom might know something the market doesn’t. That’s right, the Internet is not getting any smaller. Those old janky television sets are not quite as engaging as this here web browser.
It’s a good fit because until now, CBS really had no Internet mojo. Now we can define it. NBC plus FOX equals hulu. ABC also has a great online presence. So CBS acquiring CNET is kinda like hiring out a really good consultant to teach them what’s hip on the web.
I am excited to be part of this deal. What are your thoughts on this acquisition?
From our CEO, Neil Ashe:
Both CBS and CNET Networks share a common vision about interactive media, the importance of category defining brands and how to build online destinations that give people more of what they crave. CNET Networks brings unique skills and assets to CBS including our ability to build, operate and grow interactive brands, our flexible technology platforms as well as some of the most talented interactive media professionals in the industry today.
As of 7:30 this morning, our stock is up 43%:
Update: Les Moonves interviewed about CNET acquisition.
