Andrew Mager

Now I work for CBS

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.

CBS + CNET

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.

This entry was written by me, posted on May 15, 2008 at 6:34 am, filed under Business, CNET, Celebration, Internet, New Media, Old Media, TV and tagged , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Trackbacks are closed, but you can post a comment.

7 Comments

  1. S Gal
    Posted May 15, 2008 at 7:29 am | Permalink

    I hope it all works out well for you folks at CNET Andrew,
    i think it could be a very good fit,as long as CBS keeps their mits off BOL ;)

  2. Tales
    Posted May 15, 2008 at 7:30 am | Permalink

    Well, I’m not to bothered about CBS taking over CNET, aslong as they leave the podcasts and Cnettv stuff alone (unless they add CBS shows worldwide)

    We shall just have to wait and see what happens in the long run!

    Alex

  3. MissM
    Posted May 15, 2008 at 7:32 am | Permalink

    I think it add a lot of geek credibility to CBS, which is sorely needed.
    Congrats to all the geeks at CNET.

  4. Dave Curlee
    Posted May 15, 2008 at 7:32 am | Permalink

    I guess my only hesitation about this would be if CBS tries to CBS CNET. It would be better if CNET has more influence on CBS than the other way around. I get leery when a big old media sloth like CBS does something like this with a new media company.

  5. Banyú
    Posted May 21, 2008 at 1:17 am | Permalink

    Congratulations.

  6. Andrew Mager
    Posted June 10, 2008 at 4:04 pm | Permalink

    Test

  7. Adam Nollmeyer
    Posted June 17, 2008 at 7:56 pm | Permalink

    I missed that memo or been off the internet the day that happened.

    Good thing I read it here, BTW, great food photos on flickr, I’m not going to raid the fridge!

    ~AcmePhoto

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