CBS has agreed to purchase CNET in an all-cash deal at a 44 percent premium above CNET’s current market value. The company has agreed to paid $11.50 a share for CNET, which closed at $7.95 per share yesterday.
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Macy’s same-store sales outperformed competitors JC Penney and Nordstrom in the first quarter, falling just 2.6 percent.
Clear Channel Radio has launched what it hopes will be a valuable tool for media buyers unfamiliar with the radio format.
BBC Worldwide plans to launch BBC Knowledge - its first magazine in the U.S. - in August, with an initial print run of 85,000.
Despite the fact that it was a modest hit, and won its time slot on Sunday nights, the reality show Oprah’s Big Give will not return to ABC next year.
Turner Broadcasting is launching a system called TVinContext which will allow advertisers to place ads that are related to the content of the programming.
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Clear Channel, its private equity buyers and the banks which agreed to finance the deal have settled, with Clear Channel agreeing to accept a new deal at a lower price of $17.9 billion.
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At the heartCraigslist filed a countersuit against eBay, challenging the latter’s allegations that Craigslist discriminated against eBay as a shareholder, and alleging that eBay used its minority stake in Craigslist to steal corporate trade secrets and launch competitor Kijiji.
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The CW is programming just 10 hours of the week, and the focus of the fledgling network with this fall’s season is the young, female audience.
To meet their information needs, America’s senior executives are voracious users of all media channels - including, increasingly, digital ones such as online video, blogs and podcasts - according to a study by Ipsos MediaCT, MarketingCharts reports.
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'Christine' returns after all CBS is the only network planning to air two full nights of comedy in the fall season. The network is building on its Monday block of four comedies, adding two on Wednesday night.
The strike impaired ABC’s development of new television shows, and the network plans to unveil only two new series in the fall - and only one of them scripted.
