Interesting. According to the local CBS radio affiliate, KMOX, CBS has bought the cNet network of properties for a little over $11 a share. This was according to a memo sent to all employees by Les Moonves.

The radio guy was mkaing fun of some of the web properties, but he made an excellent point:

We didn't even know the internet existed five years ago.

It's a fascinating play for CBS to make at this point. Others have pointed out that cNet continues to lose money, but with the right direction they could make a ton of cash.  

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