HEADLINES
CBS Snaps up CNET.com to broaden Net play
By
May 16, 2008 - 8:19:59 AM

The Wall Street Journal and others are diving into analysis of the CNET Networks acquisition by CBS Corp. as the broadcaster ponied up $1.8 billion cash to help add gas to CBS owned Internet properties. San Francisco-based CNet -- target of a months-long pressure campaign by activist investors -- operates Web sites including news.com, ZDNet, GameSpot.com, TV.com and mp3.com. For the first quarter of 2008, CNet reported a net loss of $6.1 million. But for full-year 2007, the company reported a profit of $177 million.

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