] HipMojo.com » CBS Buys CNET - Did I Call It or What?

CBS Buys CNET - Did I Call It or What?

Wow.

A couple of weeks ago I ran down a number of companies CBS should buy and concluded: CBS should buy CNET.

Today, it’s official.

Quincy and Mike, you can send me my M&A consulting fee, made out Granicus Group. Jokes aside, this is a good move as it adds $400M in annual revenues to CBS Interactive at 4.5x revenue (pretty decent). With over 100M uniques, this gives CBS a lot more leverage.

Part 2: CBS is the new News Corp.

Tags: , , , |
Posted By: Ashkan Karbasfrooshan | May 15th

2 Responses to “CBS Buys CNET - Did I Call It or What?”

  1. HipMojo.com » What Happens if Online Ad Revenue Falls by 50% in Q1? Says:
    December 30th, 2008 at 11:03 am

    […] this is all just my gut, but my gut has been right before: here’s one example of CBS buying […]

  2. HipMojo.com » Online Video Aggregators: The Fight to Avoid Obsolescence is On Says:
    April 6th, 2009 at 10:41 am

    […] taken notice, CBS, who initially refused to join Hulu, bought CNET for $1.8B, obtained the TV.com URL and has now set its sights on clashing with Hulu for super premium video […]

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