paidContent.org - The Economics of Content

Current Story

CNET All-Hands: ‘Very Few’ Redundancies; CBS Interactive To Be Folded Into CNET

By Joseph Weisenthal - Tue 20 May 2008 10:19 AM PST

As noted this morning, CNET (NSDQ: CNET) is holding an all-hands meeting this afternoon (1:30 ET), a chance for CEO Neil Ashe and CBS (NYSE: CBS) CEO Leslie Moonves to discuss things with employees. Not a CNET employee? It looks like you can follow along here, though who knows if there’ll be anything that hasn’t been covered elsewhere. Unfortunately it seems that link won’t work outside the firewall. If we hear of any news made, we’ll let you know.

Some notes from the call: Courtesy of someone who was able to listen to the call, it sounds as though all of CBS Interactive will basically be rolled into CNET with Neil Ashe running the show reporting to Quincy Smith. Just conjecture, but that could mean Ashe running ops and Smith doing broader strategy (deals etc.). At this point, the deal is expected to close at the end of June, and there are currently transition teams on both sides. “Very few” redundancies are expected.

Posted in: Companies, CBS, CBS Interactive, CNET, VC+M&A, Mergers & Acquisitions


Related Research from Alacrastore.com

1 Response:
  • From jb Tue 20 May 2008 01:22 PM

    would seem more logical for Smith to report to Ashe, since CNET is a far more complex organization, and Smith’s big contribution is his M&A;expertise - that’s a VP function, not a CEO role. And now that they’ve done the big acquistion, Smith seems ripe for a demotion. Or maybe not. I guess those are the spoils of being the acquirer.

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.

Rafat Ali
Publisher & Co-Editor

Staci D. Kramer
Co-Editor

David Kaplan
Senior Correspondent

Joseph Weisenthal
Correspondent

Robert Andrews
U.K. Editor

Amanda Natividad
Editorial Producer

EconCeleb Conference - The Economics of Celebrity. July 23 at the Roosevelt Hotel in Hollywood

Featured Report - 2008 Social Media Deals Report

front page of report

The economics of social media continue to heat up, with ever more buzz created in new and growing market categories. This report examines the categories, number and size of investment and acquisitions into social media and the resulting value created from 2007 through 2008. Order your report today to analyze deals made by Yahoo, Disney, Google, AOL, CBS, Hearst, Microsoft and many more.

Learn more or purchase now.

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters