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The Media

Erris's Journal: CBS to Buy CNET.

Journal by Erris

CBS is purchasing CNET.

Television company CBS has agreed to buy technology news and entertainment website CNET for about $1.75bn (£900m). CBS said that the purchase of CNET, which owns sites such as ZDNet and Gamespot, would help to boost its online presence. ...Other CNET sites include News.com, TV.com, Mp3.com and MySimon. CBS will combine them with its own websites such as CBSSports.com and CBSNews.com.

CBS is itself owned by media giant National Amusements, which is essentially one rich and powerful person.

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CBS to Buy CNET.

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