toggle

AAPL Stock: 114.64 ( -3.8 )

Printed from http://www.macnn.com

Last.fm acquired by CBS

updated 10:50 am EDT, Wed May 30, 2007

Last.fm acquired by CBS

The popular Last.fm website, based in the United Kingdom, has been bought by the American CBS Corporation for 140 million, or $280 million. The site's current management will remain in place however, and CBS is said to be averse to changing content. Last.fm allows users not only to see what they and their friends are listening to, but participate in related forums, and listen to personalized music streams. It is these community and syndication aspects that CBS is after. "Last.fm is one of the fastest growing online communities out there," says CEO Leslie Moonves. "Their demographics also play perfectly to CBS's goal to attract younger viewers and listeners across our businesses."

Site co-founder Martin Stiksel insists that members will not be upset by the loss of independence, and that the acquisition should be beneficial. "This move will really support us to get every track ever recorded and every music video ever made onto Last.fm," he says. "With a strong partner like CBS, this is now within our reach."




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented