By Mike Farrell -- Multichannel News, 6/30/2008 7:10:00 AM
CBS Corp. said Monday that it has completed its $1.8 billion acquisition of CNET Networks, merging its operations into a newly expanded CBS Interactive division.
CBS CEO Les Moonves also announced that CBS Interactive head Quincy Smith was named CEO of the unit and former CNET head Neil Ashe was named president.
In a statement, CBS said the combined assets held within CBS Interactive now make CBS the eighth-largest Web property worldwide in terms of monthly unique users, according to comScore (May 2008). In addition, CBS Interactive becomes a top five premium content advertiser-supported online network, the No. 1 online technology network led by CNET.com and the No. 2 entertainment and sports online network among Men 18-34.
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The Association of Cable Communicators headed
west from Washington, D.C., to Denver as its 2009 Forum and Beacon Awards ceremony became
part of Cable Connections-Fall festivities.
HBO Sports senior vice president Mark Taffet discusses the PPV performance prospects for the Sept. 19 Floyd Mayweather Jr.-Juan Manuel Marquez boxing event as well as the network's PPV fight schedule for the rest of the year during a recent interview with Multichannel News.
