The Deal
Sunday, November 22, 
2:08 am

CBS kills CNET's Juke music operations, lays off staff

  Share     E-Mail    Discussion (1)     Print Story

cnet.gifCBS Inc. and CNET have apparently killed Juke, an editorially driven music site, before its anticipated launch, and dismissed at least five employees, including four music journalists, in the process.

According to this blog post, former Village Voice blogger Tom Breihan and cohorts Ryan Dombal and Andy Greenwald are among the five. Breihan suggests that CBS Interactive is devoting more resources to its Last.fm Ltd. unit, the streaming audio and social music site for which it paid $280 million in May 2007. CBS acquired CNET for $1.8 billion in May 2008; it's not clear whether the Juke crew overlapped with Last.fm's editorial division, making them casualties of the integration, or whether the project was simply deemed an unnecessary expense in the context of larger economic uncertainty.

We're awaiting confirmation and further details from CBS Interactive, although Breihan's post doesn't leave much ambiguity as to what's already happened.

UPDATE
, 5:01 pm EST: A person familiar with the situation confirms that the Juke site was deemed a redundancy in the integration process. The project hadn't been fleshed out yet, but clearly was to include an editorial component; at least four of the five staffers laid off were music journalists in one form or another. Last.fm will be the focus of CBS's digital music efforts in the future, the person said. -- Paul Bonanos

See Tom Breihan's blog post concerning the dismissals

Continue reading below

Also on Dealscape





Comments

From: john,

So have you ever wanted to try to make your facebook page unique? It's pretty hard considering you can't change colours of your background or text. I decided to do some research and see if I could add some cool pictures or something to make my profile stand out,than I came across a site www.hypster.com that let you make a free account and add music players to your facebook page! not only that but you can change the colours to! so not only will your new facebook profile be playing one of your favourite songs but it will be your favourite colour or colours! please take a look! And if you don't have facebook, this site's codes also work for myspace, bebo, piczo etc. take a look at www.hypster.com

Free Myspace music


Post a comment




The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.