CNET

CNET’s Proxy Fight Update: Court Upholds Jana’s Right To Nominate Board - 0 Comments
Posted By Rafat Ali - Tue 13 May 2008 04:01 PM PST

CNET (NSDQ: CNET) Networks, whose proxy fight with the consortium led by Jana Partners has been quiet for the last few weeks, is now in overdrive again: the Supreme Court…

@ Needham Digital Media Con: Neil Ashe, CEO, CNET; Yahoo Ads; China Growth - 2 Comments
Posted By Joseph Weisenthal - Thu 08 May 2008 05:45 AM PST

With representatives of Jana in the room at the Needham Internet and Digital Media Conference, CNET (NSDQ: CNET) CEO Neil Ashe made the case that the company is on an…

10-Q Watch: CNET: $6.2 Million For Chinese Auto Site; $2 Million For Jana; Severance; ZD Liabilities - 0 Comments
Posted By Joseph Weisenthal - Fri 02 May 2008 11:41 AM PST

Some tid-bits from CNET’s (NSDQ: CNET) just filed 10-Q: -- Cheshi: The company announced last quarter that it had acquired the Chinese auto site, and now it says the price…

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Earnings: CNET Execs: Yahoo Deal Includes Guarantees; $100 Million Revenue Over Three Years ‘Prudent - 1 Comment
Posted By Staci D. Kramer - Thu 24 Apr 2008 02:48 PM PST

CEO Neil Ashe laid it out right at the beginning: A response to Jana’s white paper is forthcoming, but the issue will not be discussed on today’s call. After touting…

CNET Q1 Revs Up 3 Percent, But Shy Of Estimates; Yahoo Deal: $100 Million In Revs Over Three Years - 0 Comments
Posted By Joseph Weisenthal - Thu 24 Apr 2008 01:42 PM PST

At first blush, it doesn’t look like CNET’s quarterly numbers will do much to persuade shareholders to side against Jana: Revenues were up 3 percent to $91.4 million, from $89.1…

Updated: CNET To Provide Yahoo With More Content; Will Sell Some Of Yahoo’s Ad Inventory - 0 Comments
Posted By Joseph Weisenthal - Thu 24 Apr 2008 06:27 AM PST

Two companies under pressure from outsiders are looking to strengthen their ties: Yahoo (NSDQ: YHOO) and CNET will announce a new content-sharing and ad agreement later today, reports Kara at…

Updated: Jana Offers CNET Plan: Slams Management; Wants More Social Media; Settlement Rejected - 3 Comments
Posted By Joseph Weisenthal - Tue 01 Apr 2008 07:40 AM PST

Updated below after the jump, response from CNET The ultimate dis: CNET (NSDQ: CNET) is stuck in Web 1.0. That’s according to activist investor Jana Partners in a new white…

Updated: Jana On CNET Reorg: Timing ‘Astounding’; Task Force Led By Wrong Party; CNET Response - 0 Comments
Posted By Joseph Weisenthal - Thu 27 Mar 2008 06:20 AM PST

Jana Partners, the activist group going after CNET (NSDQ: CNET), has published a letter commenting on the company’s latest layoffs and reorganization. The firm says it is “astounding” that it…

CNET Internal Memo: ‘Difficult Decisions’; Realignment; May Raise Capital For Foreign Ops - 0 Comments
Posted By Joseph Weisenthal - Wed 26 Mar 2008 01:49 PM PST

We obtained the internal memo at CNET (NSDQ: CNET) sent out by CEO Neil Ashe regarding the 120 layoffs that were announced this afternoon. The full text is here. Some…

CNET Laying Off 120 In ‘Workforce Realignment’; 10 Percent Of US Workforce; Internal Memo - 0 Comments
Posted By Joseph Weisenthal - Wed 26 Mar 2008 01:17 PM PST

CNET (NSDQ: CNET), under pressure from an activist investor group, says it is laying off 120 employees, or 10 percent of its US workforce and 4.4 percent of its 2,700-strong…

CNET Will Appeal Court Ruling On Jana - 0 Comments
Posted By Joseph Weisenthal - Mon 17 Mar 2008 02:10 PM PST

As it hinted last week, CNET (NSDQ: CNET) says it will appeal the Delaware Chancery Court ruling allowing Jana Partners to nominate a slate of board candidates. Since the ruling…

Jana’s Obama-esque Message To CNET: Time For Change - 0 Comments
Posted By Rafat Ali - Mon 17 Mar 2008 08:23 AM PST

Jana Partners the hedge fund railing for a change at the board level at CNET Networks, has sent an open letter to CNET’s management, after a court victory last week. …

CNET’s Internal Communication On Yesterday’s Court Ruling: We Are Not Alone In The Chess Match - 0 Comments
Posted By Rafat Ali - Fri 14 Mar 2008 08:37 AM PST

After the court ruling defeat yesterday, CNET Networks CEO Neil Ashe sent out an internal e-mail to employees explaining the management’s stance. The e-mail was filed with SEC earlier this…

Updated: CNET: Court Affirms Jana’s Right To Nominate Directors; CNET Considering Appeal - 0 Comments
Posted By Joseph Weisenthal - Thu 13 Mar 2008 09:42 AM PST

Note: The ruling from Delaware court is embedded below (RSS readers will have to click through). A big win for the investor group trying to shake things up at CNET……

10-K Watch: CNET’s Worried About Jana; Credit Facility Trigger Complicates Things - 0 Comments
Posted By Rafat Ali - Wed 27 Feb 2008 03:44 PM PST

It is a 10-K kind of day. CNET (NSDQ: CNET) Networks filed its annual 10-K just now, with an added clause in its boilerplate risks section, about its proxy fight…

Friday Afternoon Filings: NYTCo Insiders; CNET Activists Trade Shares - 0 Comments
Posted By Joseph Weisenthal - Fri 22 Feb 2008 04:14 PM PST

No fireworks, but a few SEC filings this evening at a pair of companies dealing with activist investors: -- CNET: Some intra-party trading going on here: In this filing, Jana…

Broadband Content Bits: NBCU; MySpace-GOOD; Hearst; CNET; Showtime; YouTube Audience - 0 Comments
Posted By Amanda Natividad - Wed 20 Feb 2008 01:08 PM PST

-- NBCU’s entertainment sites offer retro shows: NBC Digital Entertainment and NBC Universal (NYSE: GE) Cable Entertainment announced they will be offering vintage TV content on their entertainment sites, NBC.com,…

Editorial Changes At CNET: Jai Singh Leaving; Farber As New EIC - 0 Comments
Posted By Rafat Ali - Tue 19 Feb 2008 01:12 PM PST

An era has ended at CNET (NSDQ: CNET), as the longtime editor-in-chief of CNET News.com Jai Singh is stepping down and leaving the company, amidst all the changes and proxy…

CNET Closing Its Hipster Dating Site Consumating - 0 Comments
Posted By Rafat Ali - Thu 14 Feb 2008 10:03 PM PST

CNET (NSDQ: CNET) Networks, in an effort to focus on its core properties, is closing down a small site it bought in Dec 2005, ironically with an announcement a day…

Earnings: CNET CEO: Would Go Back On U.S. Purchase Prowl ‘If Valuations Correct’ - 0 Comments
Posted By Staci D. Kramer - Tue 05 Feb 2008 05:38 PM PST

CNET (NSDQ: CNET) CEO Neil Ashe told analysts during the Q407 earnings call today that he wants to make U.S. acquisitions—most of CNET’s spending has been in China and Europe…

Small CNET Acquisition: Buys Chinese Auto Site Cheshi; Looking For Growth Capital There - 0 Comments
Posted By Rafat Ali - Tue 05 Feb 2008 04:47 PM PST

CNET’s (NSDQ: CNET) pace of smaller acquisitions has certainly slowed down as its focus is on streamlining operations and the proxy board fight: during Q407, it bought Cheshi, a Beijing-based…

Earnings: CNET Q4 Revs Rise 11 Percent To $125.5 Million; Tax Benefits Boost Profit - 0 Comments
Posted By David Kaplan - Tue 05 Feb 2008 02:51 PM PST

CNET (NSDQ: CNET) posted higher profits and revenues in Q4, as net income rose to $202.6 million, ($1.33 per share) from last year’s $5.3 million ($0.03 per share), thanks mainly…

Industry Moves: CNET’s M&A Head Lurie Appointed As New CFO - 0 Comments
Posted By Rafat Ali - Tue 05 Feb 2008 02:15 PM PST

CNET (NSDQ: CNET) Networks, in the middle of a proxy fight for control of its board, has just announced Q407 earnings (which we’re covering separately), has appointed a new CFO:…

Why CNET Dumped It: Webshots ‘07 Revs Down 36 Percent - 1 Comment
Posted By Joseph Weisenthal - Thu 17 Jan 2008 04:02 PM PST

CNET (NSDQ: CNET) has filed financial data with the SEC showing what its numbers for the first three quarters of 2007 would have looked like without Webshots, which it sold…

Sandell Ups CNET Stake To 2.3 Percent; Jana’s Stake Inches Higher; Total Interest Nearing 23 Percent - 0 Comments
Posted By Joseph Weisenthal - Wed 16 Jan 2008 04:19 PM PST

The activist investors looking to shake up CNET (NSDQ: CNET) continue to accumulate their holdings, undeterred by the roadblocks put up by the company. Sandell Asset Management said in a…