On this page the following entries were made in the “social media” category.
Archive for “social media”
CBS Buys Last.fm for $280 Million Cash
CBS Corp. said Wednesday it is buying Last.fm, a music-focused online social network, for $280 million in cash in a bid to attract younger viewers and listeners across its businesses.
Last.fm management, including founders Felix Miller, Martin Stiksel and Richard Jones, will continue to run the company independently, CBS said in a statement.
The acquisition follows CBS Interactive’s recent purchase of Wallstrip.com, an online financial news site, and investments in the online video site Joost and other online companies.
Founded in 2002, Last.fm now has more than 15 million active users. The site builds a profile of users’ musical tastes to make personalized recommendations and connect users who share similar tastes.
It also provides custom online radio streams and other music-related community features. (Read More)
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ABC’s Newest News Correspondents: You
ABC is hoping to reinvent the newsmagazine for the YouTube generation with a show produced by ABC News but based on user-generated video.
Hourlong skein “i-Caught” will get a six-week run on the network starting Aug. 6 and then return midseason to replace “The Bachelor” on Monday nights.
Amateur video will form the basis of the show’s segments, but ABC News correspondents will build news stories and features around video captured on cell phones or digicams and uploaded to a companion Web site.
Exec producer David Sloan said the show will take on a wide breadth of potential stories, including breaking news; celebrity journalism; investigations; and stories of politics, crime, Internet hoaxes or just the moments of everyday life. (Read More)
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