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CNET Networks, Inc. Add to My Watchlist

(NSDQ: CNET)

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Last Price	11.49 (12.17.08 9:00 AM EST)
Change (%)	- (-)
Volume	-
Open	-
Previous Close	11.49
Day High	11.49
Day Low	11.49
Bid	11.46 x 10000
Ask	11.60 x 10000

Average Volume	-
Shares Outstanding	-
Market Cap	-
Year High	11.80
Year Low	6.47
Earnings Per Share	1.31
P/E Ratio	8.8
Dividend	N/A
Yield	N/A

Intraday

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1 Year

Symbol	Last	Change (%)

Tue, Sep 02, 2008
	Radware Wins China "SP" Magazine 2008 Innovative Product Award - PR Newswire
Thu, Jun 26, 2008
	CBS Corporation Completes Its Tender Offer for CNET Networks, Inc. - PR Newswire
Mon, Jun 23, 2008
	CBS Corporation Successfully Completes the Initial Offering Period of its Tender Offer and Will Acquire Control of CNET Networks, Inc.; Announces Subsequent Offering Period - PR Newswire
Tue, Jun 10, 2008
	CBS Obtains Anti-Trust and Merger Control Clearances for Its Acquisition of CNET Networks, Inc. - PR Newswire
Fri, Jun 06, 2008
	Emerging Equity Alert for Friday, June 06, 2008: LGDI Huge Cash Infusion! NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Peter Antipatis of Capital Research Group Inc. - Marketwire
More Press Releases

Thu, Dec 11, 2008
	Report: CBS to Merge CBSNews.com, CNET Newsrooms Los Angeles - PaidContent reported on Thursday that CBS (NYSE: CBS), which acquired CNET Networks for $1.8 billion in May, plans to merge its CBSNews.com and CNET newsrooms, and in the process lay off an unknown number of staffers. read more - Digital Media Wire -...
Tue, Nov 11, 2008
	CBS Cuts Six Staffers For Unlaunched Music Site; When Are More Coming? CBS Interactive (NYSE: CBS), the digital arm of CBS which incorporates CNET now, is laying off about six editorial employees for a planned music site called Juke, which never launched (news was first reported by Idolator). The site was in works since before CBS bought CNET (NSDQ: CNET) Networks, and as the integration happened, CBS decided to focus efforts on building its Last.fm service, which has seen its own share of integration missteps. Among the editorial employees let go were former Blender editor Craig Marks. Meanwhile, does anyone remember that CNET/CBS also owns MP3.com, which it bought in 2003. Speaking of these side projects, what’s happening with the initial idea of disposing off more non-core products within CNET’s portfolio? Before it got acquired and in the middle of its board proxy fight with Jana Partners, CNET sold off its Webshots photo sharing site to American Greetings and promised to sell more. At that time I speculated MySimon and Search.com and others. Also, CBS is probably also thinking of doing some more layoffs, I would imagine, and wouldn’t be surprised if a major portion of come from the editorial side of things, including News.com, CNET’s tech reviews, TechRepublic and others. Again, no inside knowledge yet, but just joining the dots based on the market realities, post-integration . For the Q308 earnings, CBS Interactive (which includes CNET) revs ballooned to $140.7 million from $35.9 million for the same quarter last year...and yes, even though it is a bright spot for the company, the relative reality is a lot more grim… - paidContent.org
Mon, Nov 03, 2008
	@ FOBM: Economy Will Impact Billion-Dollar Deals; Old Media Should Buy New Media When it comes to the shaky economy, the big question is how are deals getting done? A panel at FOBM offered some optimism, saying that companies with cash are looking for well-priced deals, and that old media companies will be looking to Silicon Valley for their next stage of evolution, but they also cautioned there’s no more mega-billion dollar acquisitions. Along with discussion, Newser Founder Michael Wolff, who is writing a book about News Corp (NYSE: NWS) Chairman and CEO Rupert Murdoch, provided a number of colorful insights about Murdoch’s purchase of Dow Jones, one of the biggest media deals of last year. -- On how the market changed from a deals perspective in the last four weeks: Scott Peters, managing director of the Jordan Edmiston Group: “The deal market is fantastic. During the first half of this year, it [M&A] was really active and it’s still active, but the type of transactions have shifted. The mega-billion dollar market is gone. The middle of the market is still active with strategic deals—non-private equity deals—and the next flood will be full of challenging situations.” Wolff: “We are going to see a ramp up really quickly. I think you are going to see a vast reconfiguration. It’s going to be about—who has the money, and if you have the money right now, this is a great period. It is the best thing in the whole world that has happened to you. If you are a private equity firm, who closed on financing recently,...this is a fantastic time for you.” More on CBS-CNETand News Corp.-Dow Jones after the jump… -- On CBS’s purchase of CNET, and a potential Reed Business sale: Wolff: CBS won’t see the value of CNET (NSDQ: CNET). “I think that got sold at the top of the market to a dumb buyer, so it’s a perfect combination. Will that come along next year or the year after, it will eventually.” On Reed Business getting done, Jim Casella, CEO of Case Interactive Media: “The price expectation has to come down. I think you’ll have to see people doing a combination of debt and equity if they want to close a deal of significant size.” -- On News Corp.’s acquisition of Dow Jones: Wolff: “One of the issues that is certainly on everyone’s mind at News Corp. is that the share price has sunk dramatically. Paying for a newspaper on the cusp of most significant downturn of our time is, relatively speaking, an error. On the other hand, they have a lot of cash, and he’s 77 years old, and that’s the price of having Rupert Murdoch as your CEO. He gets what he wants. From Dow Jones standpoint, I don’t know what shape they would be in if they were a standalone company. They have News’s resources, and Rupert’s full faith and commitment. They are in one of the strongest positions of any media company, and certainly any newspaper company in the country.” Does he get the enterprise side of the business?: “He had no idea there was an enterprise side of the business. I believe I was the one who explained Factiva to him...He wanted the newspaper, and the fact that afterwards he found himself with businesses that were rather more successful than the newspaper business, was surprising.” Is there a battle between the WSJ and the Financial Times?: “Rupert’s battle is with the New York Times (NYSE: NYT). I think they’ve done a bang up job. That’s a battle that will play out is until there’s no more New York Times. That’s a deal that will happen this year.” -- On evolving old media: Wolff: “If you are a going concern in the old media business, you are going to be looking at new media companies.” Casella: “There’s a lot of companies in Silicon Valley that are going to be attractive to old media companies on the East coast. Those are worth going out and looking at and buying.” - paidContent.org
	Earnings: CBS Swings To Loss On 12.5 Billion Write-Down; Q3 Revs Rise 3 Percent True to its warnings about lower earnings earlier this month, CBS (NYSE: CBS) Q3 net earnings from continuing operations came in with a loss of $12.46 billion, or a loss of $18.58 per diluted share, versus earnings of $340.2 million, or $.48 per diluted share, for the same prior-year period. The earnings report also highlighted a $56.4 million write-down on items associated with “other-than-temporary declines in the market value” CBS’ investments. Revenues, meanwhile, were up 3 percent to $3.38 billion in Q3, which were driven by the addition of CNET and domestic cable sales of CSI: New York, though offset by lower ad sales. As Les Moonves, president and CEO of CBS Corp., said during the earnings call, “any increase in revenue is welcome in this difficult environment.” -- Interactive: Interactive revs ballooned to $140.7 million from $35.9 million for the same quarter last year, thanks to CNET (NSDQ: CNET). On a comparable basis, including CNET in prior year results, revenues gained 6 percent driven by 12 percent growth in display advertising. Interactive OIBDA was $2.5 million compared to a loss of $11.2 million in Q307. Things were not all roses on the interactive side however, as the segment posted an operating loss of $15.2 million in Q3 versus an operating loss of $13.3 million related to increased expenses associated the acquisition of CNET. Interactive results included stock-based compensation expense of $1.9 million and $.6 million for Q307 and this year’s Q3, respectively. During the call, Moonves noted: CBS ranked 110 uniques two years ago, number 7 today, as a result of CNET. More to come Release \| Webcast (8:30 AM EDT) - paidContent.org
	Earnings Call: Redstone Explains Sale Of CBS, Viacom Shares; Moonves: CNET Propels Interactive Beginning CBS (NYSE: CBS) Corp.’s Q3 earnings call, Sumner Redstone, the company’s executive chairman, noted that CBS is operating in one of the worst economic periods in recent memory, but said it continues to be in a strong position. He then turned to the recent sale of $233 million worth of non-voting share of Viacom (NYSE: VIA) and CBS by Redstone’s National Amusements Inc. theater company, through which he controls the stock of both entities. Redstone: “I want to discuss another topic on your mind. National Amusements, a company I control, has been in the news lately. Let me give you the facts. Debt issues forced the sale of these stock. The conditions led to the sale of $233 million of CBS and Viacom shares. This is not something that NAI wanted to do and it has no intention of selling a single share of Viacom or CBS stock. This is a difficult economic period. We are actively talking with our lenders. It should be obvious that the current stock prices of these two companies do not reflect their current value.” -- All thanks to CNET: In his opening remarks, Les Moonves, CBS president and CEO, discussed the pain afflicting all media companies. He did single out interactive growth as one particular bright point. The segment’s revenue reached $140.7 million, compared to $35.9 million in Q307, thanks mostly to CNET (NSDQ: CNET). He noted that while the interactive category saw 12 percent growth in display ads, CNET itself saw display revenues rise 14 percent. Looking at the audience numbers, Moonves pointed out that two years ago, CBS ranked 110 in monthly average unique visitors. Today, with the addition of CNET, CBS ranks number seven. Release \| Webcast (8:30 AM EDT) - paidContent.org
More News

Fri, Dec 12, 2008
	How Many Bodies Exactly Is CBS Interactive Trying To Hide? Try “275-ish.” The pink slips were passed out on Thursday throughout the various business duchies that make up CBS Interactive—CNET, CBS.com, CBSNews,com, CBSSports.com, BNET, GameSpot, TV.com, last.fm, and CHOW. While CBS confirmed to me and other reporters that layoffs did happen across the board, it refused to talk about how many total people are losing their jobs. That left us scrambling about gathering piecemeal information. There were about 20 layoffs at Last.fm; 8 editors, we hear, at CBSNews.com are out of a job; another set of "redundancies" were eliminated at CBSSports.com. But how big exactly were the layoffs, especially at Cnet, where most of the employees reside? CBS, which is at heart a news organization, doesn't want the public to know how many layoffs just occurred at CBS Interactive. As of this writing, Cnet didn't even report the fact that there were layoffs on Thursday. Neither did CBSNews.com. And it's not because they didn't get the memo (from CBS Interactive CEO Quincy Smith, reprinted below). - TechCrunch
Thu, Oct 30, 2008
	CBS put a loss on the Q3 schedule Filed under: Earnings reports, Television, General Electric (GE), Walt Disney (DIS), CBS Corp 'B' (CBS), News Corp'B' (NWS) CBS Corporation (NYSE: CBS) lost money in the third quarter (to see the data, you can click here to link to a pdf file). The loss was huge. Would you believe the red ink was equal to $18.58 per share from continuing operations? If you're a shareholder, you're probably shuddering at this point. But hold on, we're talking loss from a GAAP point of view. On an adjusted basis, excluding various charges (including the effect of the CNET purchase), CBS took in $0.43 per diluted share from continuing operations. According to my earnings preview, analysts were looking for a number around $0.40 per share. That's more like it. Yet, there's another angle to the CBS story that won't be so reassuring. And that angle has to do with cash flow. You see, CBS really promotes its dividend. For a dividend to be considered safe and strong, it needs to be backed by free cash flow. Well, during the third quarter, CBS produced no free cash. It used $38 million for its corporate activities. Before anyone panics, management was quick to point out that, for the nine-month period, free cash flow was a positive $1.4 billion. CBS paid out about $524 million in dividends. So, that should allow for some comfort. Still, for a company that likes to base itself on returning value to shareholders, that does give me pause. Yes, it's only one quarter, but we are stuck in an awful economy right now, and the advertising outlook seems pretty challenged going forward. The Wal Disney Corporation's (NYSE: DIS) ABC, General Electric Company's (NYSE: GE) NBC, and News Corp.'s (NYSE: NWS) Fox are all in the same boat. Management does explicitly state in the earnings release that it's going to keep a strong eye on costs. I hope so. I also hope it'll keep a strong eye on the ratings of its television shows and continue to look for programming that can keep the cash coming. CBS has done well during the opening weeks of the new season. Can CBS' content win the day and justify the stock's current yield? That's the big question. Since CBS' stock sports a yield of over 11%, the market is basically saying that bad things are to come. But, if management can sustain the dividend, then the yield can be considered a huge asset at this point. I'd be willing to give CBS the benefit of the doubt over the long term, but if you're thinking of trading the stock, I'd have a firm exit strategy in mind and use a tight stop. Wall Street has been in a very fickle mood lately, so anything can happen to stock prices at any moment. Executive chairman Sumner Redstone is very confident in the company. I'm not sure how big an endorsement that is, but it's something, at least, right? Disclosure: I own Disney and GE; positions can change at any time. CBS put a loss on the Q3 schedule originally appeared on BloggingStocks on Thu, 30 Oct 2008 15:50:00 EST. Please see our terms for use of feeds. Read \| Permalink \| Email this \| Comments - BloggingStocks
Thu, Aug 14, 2008
	CBS Shows Interactive Traffic Growth to Justify CNET Acquisition CBS Interactive has a press release out this morning which shows just how smart the CNET acquisition was. The release shows many of the CNET Web properties and the growth they say is attributed to the new combined CBS Interactive division. The company says that the cross promotional effort is the reason for the surge. It's good to see that both sides are promoting each other - this is something that most companies don't handle well. Here are some of the numbers from the release (the numbers come from comScore): CNET.com posted a 22% increase in unique visitors over July 2007, pointing to early success of its beta release, which launched in June and officially launches later this month, as well as the success of early integration programs such as CNET and CBS coverage of the iPhone. CHOW's unique monthly users increased 24% month over month and 256% over the previous year, as more food fans turned to the site for fun, practical advice on cooking and food. BNET.com posted a 19% increase in unique visitors over last month, underscoring the success of the recent BNET Industries launch in April, and its overall position as the go-to resource for business managers and one of the most-visited business sites. Now I'd like to see a smarter, more streamlined CNET property list. - CenterNetworks -
More Blogs

Thu, May 15, 2008
	Market Recap: Stocks Bounce on Buyout News; Yahoo! and EMC Corp. in Focus Schaeffer's Colleen King takes a look at activity on the Street after the market close - Schaeffer's
	Opening View: J.C. Penney (JCP) Earnings Fall 50 Percent, Still Exceeding Expectations Schaeffer's Andrea Kramer takes a look at activity on the Street ahead of the market open - Schaeffer's
Wed, Dec 20, 2006
	Dorsey Wright's Podcast 58 - Making a Change for 2007 Tom Dorsey and Tammy Derosier discuss Making a Change for 2007 - Dorsey Wright
Thu, Oct 12, 2006
	Daily Video Financial News -McDonalds, Yum, Wendy's, Sony, Apple, McAfee, CNet, Monster Worldwide, Home Depot Daily Video Financial News: McDonalds earnings better than expected; Wendys returning $1-Billion tosharehodlers; sony introducing video Wlakman; McAfee and the stock options scandal; Home Depot's move to attract more cusotmers. (MCD) (YUM) (HD) (CNET) (MNST) (MFE) (AAPL) (WEN) - It's About Financ...
Mon, Jul 24, 2006
	Wall Street to Main Street: News, Views and Commentary: July 24, 2006 Johnson Controls, Advanced Micro Devices, Interactive Intelligence, Capital One Financial, Hyperion Solutions - NAMC Radio
More Podcasts

04/24/08		Q1 2008 Earnings Archive for CNET
02/06/08		Special Conference CNET Networks, Inc. at Thomas Weisel Partners 2008 Technology Telecom Internet Conference Archive for CNET
02/05/08		Q4 2007 Earnings Archive for CNET
11/09/07		Special Conference CNET Networks, Inc. to Participate in JPMorgan Internet & Media CEO Conference Call Series Archive for CNET
10/25/07		Q3 2007 Earnings Archive for CNET

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