International Business News - cnet http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Television and radio station operator CBS Corp. said Monday it has completed its acquisition of Web site operator CNet Networks Inc. CBS paid $11.50 per share for San Francisco-based CNet, which provides technology, food and entertainment information through its CNet.com Web site and other consumer information sites. http://www.ibtimes.com/articles/20080630/cbs-completes-acquisition-of-cnet-networks.htm Mon, 30 Jun 2008 20:32:14 EDT Television and radio station operator CBS Corp. said it acquired 78 percent of CNET shares, making the Web site operator a majority-owned subsidiary. CBS bought the shares for $11.50 apiece as part of its effort to buy San Francisco-based CNet, which provides technology, food and entertainment information through its CNet.com Web site and other consumer information sites. http://www.ibtimes.com/articles/20080623/cbs-owns-78-percent-of-cnet-after-tender-offer.htm Mon, 23 Jun 2008 10:14:17 EDT A group of dissident shareholders reported Thursday that they have dropped a proxy contest against Web site operator CNet Networks Inc., which is being acquired by TV and radio broadcaster CBS Corp. for $1.8 billion. http://www.ibtimes.com/articles/20080619/dissident-investors-drop-contest-at-cnet-networks.htm Thu, 19 Jun 2008 11:16:29 EDT TV and radio broadcaster CBS Corp. said Tuesday it has cleared a handful of regulatory hurdles in connection to its proposed acquisition of Web site operator CNet Networks Inc. http://www.ibtimes.com/articles/20080610/cbs-clears-regulatory-hurdles-in-cnet-deal.htm Tue, 10 Jun 2008 14:29:37 EDT The Digital Media Association spent $286,301 in the first quarter to lobby on legislation to create a new royalty system for online audio and video. The trade organization, which represents webcasters and digital music and movie companies including Amazon.com Inc., Yahoo Inc., Time Warner Inc.'s America Online and RealNetworks Inc., lobbied for legislation intended to improve federal efforts to halt piracy and counterfeiting of American-owned intellectual property, including artistic work. http://www.ibtimes.com/articles/20080609/digital-media-assn-spent-286-301-to-lobby-in-1q.htm Mon, 09 Jun 2008 14:54:03 EDT TV and radio broadcaster CBS Corp. said Friday it is offering $11.50 per share for all outstanding shares of online news and information Web site operator CNet Networks Inc. as part of its $1.8 billion buyout. http://www.ibtimes.com/articles/20080523/cbs-to-offer-11-50-per-share-for-cnet.htm Fri, 23 May 2008 17:58:05 EDT A ThinkPanmure analyst said Friday that expectations for online media companies are too high, as conditions will be tough for the rest of the year. William Morrison said about two-thirds of companies either fell short of analyst estimates or reduced their outlooks in the first quarter, making it one of the worst quarters in years for online media companies. About 75 percent of online media companies would need to increase their revenue to reach expectations, he said--which is not likely to happen. http://www.ibtimes.com/articles/20080523/ahead-of-the-bell-online-media.htm Fri, 23 May 2008 08:40:21 EDT The tech sector's attention was captured by two major deals this week, as Hewlett-Packard Co. said it will buy Electronic Data Systems Corp. for $13.2 billion and CBS Corp. agreed to acquire CNET Networks Inc. for $1.8 billion. http://www.ibtimes.com/articles/20080516/tech-roundup-hp-nabs-eds-cbs-grabs-cnet.htm Fri, 16 May 2008 16:29:55 EDT CBS Corp.'s $1.8 billion buyout of CNet Networks Inc. led an analyst to downgrade the online media company Friday, but raise its price target, and predict the deal will go through. http://www.ibtimes.com/articles/20080516/ahead-of-the-bell-analyst-downgrades-cnet.htm Fri, 16 May 2008 07:54:44 EDT CNet Networks Inc. shares rose to a 52-week high Thursday after the company and CBS Corp. said that CBS will buy the online news and information provider for about $1.8 billion in cash. http://www.ibtimes.com/articles/20080515/cnet-shares-hit-52-week-high-on-cbs-deal.htm Thu, 15 May 2008 17:52:29 EDT CBS Corp. is acquiring a big online reach with its acquisition of CNet Networks Inc. but also a company that's faced heavy criticism from investors. Those concerns as well as the hefty $1.8 billion price tag helped send CBS's shares down after the deal was announced Thursday. http://www.ibtimes.com/data/articleimgs/46624-cbs-cnet.jpg http://www.ibtimes.com/articles/20080515/cbs-in-1-8b-deal-for-online-news-info-site-cnet.htm http://www.ibtimes.com/articles/20080515/cbs-in-1-8b-deal-for-online-news-info-site-cnet.htm Thu, 15 May 2008 16:44:24 EDT CNet Networks Inc. shares rose to a 52-week high Thursday after the company and CBS Corp. said that CBS will buy the online news and information provider for about $1.8 billion in cash. http://www.ibtimes.com/articles/20080515/cnet-shares-hit-52-week-high-on-cbs-deal.htm Thu, 15 May 2008 14:23:22 EDT Shares of CNet Networks Inc. rose Thursday on news that CBS Corp. would pay about $1.75 billion for the online technology news and entertainment company. http://www.ibtimes.com/articles/20080515/cnet-soars-sina-spikes-in-afternoon-trading.htm Thu, 15 May 2008 14:21:29 EDT Stocks that are moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq: NYSE http://www.ibtimes.com/articles/20080515/arcelor-mittal-cbs-among-big-market-movers.htm Thu, 15 May 2008 13:03:50 EDT CBS Corp. made a major push into the Internet world on Thursday, announcing that it was acquiring CNET Networks for about $1.8 billion, owner of numerous entertainment and information Web sites. http://www.ibtimes.com/articles/20080515/cbs-cnet-internet-aquire-networks.htm Thu, 15 May 2008 12:36:06 EDT Fitch Ratings and Moody's Investors Service said Thursday that their ratings and outlook for CBS Corp. are not affected by the media and entertainment company's $1.8 billion acquisition of CNet Networks Inc. http://www.ibtimes.com/articles/20080515/cbs-ratings-outlook-unaffected-by-cnet-deal.htm Thu, 15 May 2008 10:37:52 EDT Media and entertainment company CBS Corp. is buying CNet Networks Inc., an online news and information provider, for $1.8 billion in cash in its latest bid to expand its reach on the Internet, the companies announced Thursday. http://www.ibtimes.com/articles/20080515/cbs-in-1-8b-deal-for-online-news-info-site-cnet.htm Thu, 15 May 2008 09:20:08 EDT Shares of CNet Networks Inc. rose sharply in premarket trading Thursday after CBS Corp. said it would pay about $1.75 billion for the online technology news and entertainment company. http://www.ibtimes.com/articles/20080515/premarket-movers-cnet-soars-sina-spikes.htm Thu, 15 May 2008 08:37:45 EDT CBS Corp. agreed to buy online technology news and entertainment company CNet Networks Inc. for about $1.75 billion, expanding its access to the burgeoning Internet advertising market. http://www.ibtimes.com/articles/20080515/cbs-in-1-75b-deal-for-online-news-site-cnet.htm Thu, 15 May 2008 08:26:30 EDT CBS Corp. says it agreed to buy online technology news and entertainment company CNet Networks Inc. for about $1.75 billion. The New York media company says it has offered $11.50 per share for San Francisco-based CNet. The bid represents a 45 percent premium above CNet's closing price of $7.95 on Wednesday. http://www.ibtimes.com/articles/20080515/cbs-agrees-to-buy-cnet-for-1-75-billion.htm Thu, 15 May 2008 07:36:41 EDT