CBS - who last year made a splash by buying music-oriented social media site Last.fm for $280M today bought uber 1.0 web site CNET.
Earlier this week, a VC told me that “social network” has become a taboo word, even though just last year you saw a herd rushing towards more investments in the space.
Yesterday, eMarketer slashed social media advertising estimates, with Facebook’s downgrading in tandem.
This morning, an executive I know whom had left a quality programmer for a social media network all of a sudden pulled a 180-degree turn and got back into content.
Hmm.
Is it just me, or are you seeing a flight to quality programming and the validation of the “content is king” mantra rising?
Bear in mind, Sumner Redstone coined that term, and he just plunked $1.8B for CNET.
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