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The Lowdown
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May 15, 2008 Post
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Here's the The Lowdown
from DNJournal.com! Updated daily to
fill you in on the latest buzz going around the domain name
industry!
Compiled
by Ron Jackson (Editor/Publisher)
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Some
of the world's best domain names changed hands today,
including such priceless gems as News.com, TV.com,
Radio.com, MP3.com and Download.com.
Those domains and |
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many other premium names
were owned by CNET Networks Inc. but today CBS
Corp. bought
the entire company in a $1.8 billion
deal that suddenly makes CBS a major player online. At $11.50
a share CBS paid a 45% premium over the price
CNET stock closed at yesterday. Some financial analysts
think CBS overpaid but I think in the long run this will
prove to be a great move for the company. Online is the
future for media and those that don't stake out prime
territory on the web now are going to be left
behind.
CBS CEO Leslie Moonves said
he saw opportunities for distributing CBS news,
music |
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and other content on CNet's
online outlets, and also for tapping CNet's significant
online advertising sales operation to boost ad growth
for the media company.
(Posted
May
15, 2008) |
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all current Lowdown posts - Go
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