CNET

CBS-CNET: Merger Details; Exec. Compensation - 0 Comments
Posted By Joseph Weisenthal - Thu 15 May 2008 02:35 PM PST

If you haven’t had your fill yet of CBS (NYSE: CBS) and CNET (NSDQ: CNET), then check out their big 8-K getting down into the nitty gritty of the deal.…

CBS-CNET: The Logic Of The Deal - 0 Comments
Posted By Joseph Weisenthal - Thu 15 May 2008 01:17 PM PST

CBS’ (NYSE: CBS) acquisition of CNET (NSDQ: CNET) for $1.8 billion is already prompting some predictable shoulder shrugging from folks wondering why they went with a (here come the scare…

CBS-CNET: Catching Up With The New Tag Team Of Smith & Ashe - 0 Comments
Posted By Staci D. Kramer - Thu 15 May 2008 09:53 AM PST

Spent a few minutes talking earlier today with Quincy Smith, president of CBS Interactive (NYSE: CBS), and Neil Ashe, CEO of CNET (NSDQ: CNET), about this morning’s news. Given that…

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CBS-CNET Call: $1 Billion CBSI Revs In 2010-2011; Mid-Teen Revenue Growth - 0 Comments
Posted By Joseph Weisenthal - Thu 15 May 2008 05:40 AM PST

Kicking off the conference call, CBS (NYSE: CBS) CEO Les Moonves touted the rare opportunity to purchase an internet company of this size and scale at a reasonable price. Unlike…

CBS-CNET: Our Coverage In Links - 1 Comment
Posted By David Kaplan - Thu 15 May 2008 05:25 AM PST

CBS Corp.’s (NYSE: CBS) purchase of CNET (NSDQ: CNET) Networks for $1.8 billion comes amid a lot of change and drama at both companies from CNET’s draw-out proxy fight with…

CBS-CNET: Interview: Leslie Moonves, CEO, CBS: ‘Right Opportunity, Right Time, Right Price’ - 1 Comment
Posted By Staci D. Kramer - Thu 15 May 2008 04:50 AM PST

Just got off the phone with CBS CEO Leslie Moonves in his first interview following the announcement that CBS (NYSE: CBS) will acquire CNET (NSDQ: CNET) for $1.8 billion in…

First Take: CNET: The Brand Everyone Wanted To Buy, But Didn’t Really - 0 Comments
Posted By Rafat Ali - Thu 15 May 2008 04:42 AM PST

So the saga of CNET (NSDQ: CNET) Networks finally has a home...well, at least on paper for now if and when the deal goes through, because there will be a…

CBS Acquiring CNET For $1.8 Billion; 44.6 Percent Premium - 8 Comments
Posted By Joseph Weisenthal - Thu 15 May 2008 04:17 AM PST

CBS (NYSE: CBS) is acquiring CNET (NSDQ: CNET) for $1.8 billion in cash. The purchase price comes to $11.50 per share, representing a 44.6 percent premium over last night’s closing…

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…

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,…