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12:40 PM ET, May 15, 2008


 Top Items: 
Joseph Weisenthal /
BREAKING: CBS Acquiring CNET For $1.8 Billion; 44.6 Percent Premium  —  CBS (NYSE: CBS) is acquiring CNET (NSDQ: CNET) for $1.8 billion in cash.  The purchase price comes to $11.50 per share, representing a 44.6 percent premium over last night's closing price of $7.95.
PR Newswire:
CBS Corporation To Acquire CNET Networks, Inc.  —  CBS to Become a Top Ten U.S. Internet Company with Unparalleled Content and Reach, Boasting Approximately 200 Million Monthly Unique Users Worldwide  —  CNET Networks' CNET, ZDNet,,, CNET News, UrbanBaby, BNET …
Margaret Kane / CNET
CBS to buy CNET Networks  —  CBS has agreed to acquire CNET Networks in a deal valued at $1.8 billion, the companies said Thursday.  —  The purchase price comes to $11.50 per share, representing a 44 percent premium over Wednesday's closing price of $7.95.
Peter Kafka / Silicon Alley Insider:
CBS Buying CNET For $1.8 Billion; CBS Predicts $1 Billion Interactive Revenues By 2010  —  CBS will pay $11.50 a share for CNET.  The all-cash deal represents a premium of 44% above the $7.95 CNET closed at yesterday.  Will it be enough to satisfy JANA et al?
Staci D. Kramer /
CBS-CNET: Interview: Leslie Moonves, CEO, CBS: ‘Right Opportunity, Right Time, Right Price’  —  Just got off the phone with CBS CEO Leslie Moonves in his first interview following the announcement that CBS (NYSE: CBS) will acquire CNET (NSDQ: CNET) for $1.8 billion in cash.
Larry Dignan / Between the Lines:
We've been acquired: CBS buys CNET
Discussion: SEO and Tech Daily
Roy Bostock / PR Newswire:
Lauren Pollock / Wall Street Journal:
Icahn Moves to Oust Yahoo Board  —  Billionaire Hopes to Revive a Deal with Microsoft  —  Billionaire investor Carl Icahn officially launched a proxy contest to unseat Yahoo Inc.'s board, writing in a letter to Chairman Roy Bostock “the board of directors of Yahoo has acted irrationally …
Brian Caulfield / Forbes:
Advice For Jerry Yang  —  Steve Kirsch is one of a handful of people who can appreciate what Yahoo! Chief Executive Jerry Yang is facing right now.  —  The entrepreneur and former chief executive of Infoseek, a search engine that has withered away since being acquired by Disney, thinks Yahoo! …
Michael Arrington / TechCrunch:
Dear Yahoo: You're Fired  —  As expected, Carl Icahn presented an alternate slate of directors for the upcoming Yahoo shareholder meeting.  The letter to Yahoo Chairman Roy Bostock says it all:  —  Carl C. Icahn  —  ICAHN CAPITAL LP  —  767 Fifth Avenue, 47th Floor  —  New York, NY 10153
Joseph Weisenthal /
Icahn Confirms Stake And Proxy Fight; Pushing For Microsoft; Mark Cuban On List
Andrew Ross Sorkin / New York Times:
Icahn Proposes Dissident Yahoo Board
Discussion: VentureBeat
Eric Savitz / Tech Trader Daily:
At The Churchill Club: The Top 10 Tech Trends  —  I'm at the Fairmont Hotel in San Jose tonight, for the Churchill Club's annual Top 10 Tech Trends Dinner.  This is the club's 10th annual tech trend panel.  Making the picks:  — Steve Jurvetson, Draper Fisher Jurvetson.  — Vinod Khosla, Khosla Ventures.
Jack Schofield / Guardian Unlimited:
Intel disclaims ZDNet report over larger iPhone or internet tablet  —  The Mac rumour sites have been buzzing about the idea of a MID (Mobile Internet Device) that could be considered an ultramobile Mac or large iPhone, especially since it was apparently “confirmed” by Hannes Schwaderer from Intel Germany.
Philip Elmer-DeWitt / Apple 2.0:
Anatomy of a rumor: The Atom-powered Newton iPhone
Discussion: I4U News, Gizmodo, Engadget and Gadget Lab
Andrew Greenberg / Forbes: We're Not Dead  —  Jeeves, the former mascot of struggling search engine, may be dead.  But the site itself, CEO Jim Safka would like to remind everyone, is alive, and still dutifully serving up search results.  —  Its latest sign of life?
Hank Williams / Why does everything suck?:
Adobe Introduces P2P Flash Player, Kills CDNs  —  Today Adobe announced the public beta of a new Flash Player that is going to change the way we all use the Internet.  More importantly, the new player changes the economics of the Internet.  —  Interestingly the two really key features …
Associated Press:
Nintendo hit with $21 million patent infringement  —  LUFKIN, Texas (AP) — Nintendo of America Inc. was ordered to pay a small East Texas gaming company $21 million Wednesday for infringing on a patent while designing controllers for its popular Wii and GameCube systems.
Thomas Ricker / Engadget:
Nintendo ordered to pay $21 million to patent troll
Discussion: CNET and Electronista
How Apple is changing DRM  —  As more stores and record labels abandon digital rights management, Apple may have an alternative plan for subscription services, writes Tim Anderson  —  When Apple approached record companies about selling their music digitally five years ago, they …
Mike Jones / Official Google Maps API Blog:
Introducing the Google Maps API for Flash  —  Here at Google, we receive a lot of feature requests - and it feels great every time we fulfill one of them.  The ability to utilize the power of Google Maps from Flash is one of those requests that has been popping up on blog posts and other forums since …
Michael Arrington / TechCrunch:
Amazon May Sell $750 Million In Kindles by 2010 (That's A Lot Of Kindles)  —  The Kindle, Amazon's ugly but useful ebook reader that launched in November 2007, may be a burgeoning hit, says Citigroup Analyst Mark Mahaney.  Citi expects Amazon to generate between $400 million and $750 million …
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 More Items: 
Thomas Mennecke / Slyck:
P2P Defendant Awarded Attorney Fees
Discussion: Ars Technica
Nick Jakobi / Official Google Blog:
Demographics now available in YouTube Insight
Michael Masnick / Techdirt:
Copyright As An Engine Of Free Expression?
Ryan Paul / Ars Technica:
Thunderbird 3 fledges with first alpha release
Karl / DSLreports:
Comcast Gets Investigated While Cox Gets Free Pass …
Joel Hruska / Ars Technica:
Strong passwords no panacea as SSH brute-force attacks rise
Moonlight release puts Silverlight on Linux
 Earlier Items: 
Paul Miller / The Semantic Web:
Commercialising the Semantic Web
Discussion: bytes|genes
David Eaves / SEOCO:
Yahoo! Gets With The IP Delivery
Cade Metz / The Register:
Verizon shuns Android for LiMo
Ionut Alex Chitu / Google Operating System:
Google Doctype, an Encyclopedia for Web Developers
Stephen Baker / Business Week:
Why Twitter Matters  —  Can the fledgling microblogging service become …
Alex Iskold / ReadWriteWeb:
The Rise of Contextual User Interfaces
Seth Schiesel / New York Times:
O.K., Avatar, Work With Me
Discussion: Smart Mobs

From Mediagazer:

Kevin Roderick / LA Observed:
Among LA Times buyouts, two assistant managing editors and six bureau chiefs leaving

Nicole Winfield / Associated Press:
Vatican Court rejects journalist's bid to drop charges in case over leaked documents

Wall Street Journal:
Justice Department Probing Comcast's Role in ‘Spot’ Cable Ad Sales Market

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