Music Review | Emily Saxe: A Soft Sound That Leans Heavily On Smarts Honky-tonk cabaret may be an oxymoron, but Emily Saxe makes a case for a refined hybrid style that is a sound unto itself.... Read Full Article Magazine Will Begin Consulting With Experts Consumer Reports said its quest for independence kept it from reaching out to experts who might have helped it avoid one of its biggest mistakes.... Read Full Article Ship Grounded In Antarctic Waters Cruise ship carrying 370 people, including 12 Australians, to be evacuated after it gets grounded off the Antarctic Peninsula.... Read Full Article The Future May Be Bleak For Ben Bernanke Last week, in a rare sign that wise counsel can still prevail over political expediency, Mervyn King was reappointed Governor of the Bank of England. Unpleasant noises had been emerging from Downing... Read Full Article American Deaths In Iraq Reach Grim Milestone A roadside bomb that killed four US soldiers in Baghdad has pushed the overall American death toll in the five-year war to the 4000 mark.... Read Full Article |
CBS Buys Last.FM, An Online Radio SiteCBS said yesterday that it had acquired Last.FM, an online radio and social-networking site, for $280 million to expand its digital offerings. CBS, one of the nations biggest radio broadcasters, said the founders of the five-year-old service would continue to operate it as an independent unit. But the purchase is also regarded as a way for CBS to grab an audience online at a time when many traditional radio stations fear losing listeners to iPods, Internet radio and other competing media. The sale of Last.FM comes as the profitability of online radio has been called into question. A recent ruling by the federal Copyright Royalty Board, which establishes royalty rates for Internet-based broadcasters that stream music online, would raise the existing rates significantly. CBS said the deal provided an opportunity to extend its reach online, including adding some of its own programming to Last.FM. As it stands, the site attracts more than 15 million users worldwide, with big audiences in the United States, Britain and Germany. CBS, which also owns the CBS television network, has also purchased Wallstrip.com, a business-oriented site built around online video and blogging, and has invested in Joost, an online video service. Tag CloudExternal InformationAdditional InformationOutgoing BAE Systems boss Mike Turner warns of defence spending risk to Britain...Just for fun, let’s look at what might really happen... A Site Follows the Money So Users Can Slice and Dice... Bush Nudges Senate to Move on Stimulus Package... Where Am I?News Main Page - Business - CBS Buys Last.FM, An Online Radio Site |
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