CBS acquires CNET
And the corporate consolidation of media continues - Kotaku is reporting on CBS’ acquisition of CNET networks cache of sites, including gamespot. Apparently, CNET’s board of directors unanimously agreed to the merger, and the transition is slated to occur by the third quarter of this year.
From the post:
“Upon closing, CNET Networks’ sites will be combined with CBS’s stable of dynamic and growing interactive businesses. These include CBS.com, CBSSports.com, CBSCollegeSports.com, MaxPreps.com, CBSNews.com, last.fm, Wallstrip, MobLogic, CBS Radio and CBS Television Stations digital media platforms, and the distribution network of the CBS Audience Network, which is made up of more than 300 partner Web sites and reaches 82% of all online users in the United States.“
As if gamespot hadn’t already had its share of nasty business in the corporate relations department… but business is business, right?
Read [Kotaku]
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