blog networks
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Blog Networks: Like MyBlogLog for Facebook
Blogs just got a whole new audience: the casual reader. There has been some concern as of late that mainstream web users don't really read blogs, but a new Facebook app called "Blog Networks" aims to change that. The easiest way to describe this app is by calling it MyBlogLog for Facebook (as the headline says), but besides the ability to build a community around your blog, the two apps are rather different. If anything, Blog Networks may have the power to reach an entirely different demographic than MyBlogLog, whose community made up of a lot of blog owners and serious blog readers. The Facebook app, on the other hand, will appeal to casual readers by providing them with an easy-to-use blog directory and a simplified feed reader.
CBS Pays $1.8 Billion for CNet: CNet Shows How It's Done
In a deal that was surprising only in its price, CBS has announced that it will buy CNet, owners of everything from News.com to Download.com to our competitors Webware, for $1.8 billion.
That's 10% more than Google paid for YouTube, and that deal was all for stocks. CBS paid a 45% premium over CNet's closing stock price and it paid it mostly in cash. CBS buying CNet is a big, complicated deal with a lot of possible take aways, but below are ours.
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