CBS sets sights on Internet
New media means new markets, says US giant
Posted in Business, 13th April 1999 11:43 GMT
Free whitepaper – Dell PowerEdge servers 2009 - Memory
US film to music giant, CBS took another step toward becoming a major player in online media yesterday after it announced it was buying a stake in two established Net companies. The giant media company signed letters of intent with Storerunner -- an online shopping mall -- and the top movie site Hollywood.com as part of a $200 million investment programme. "We're only at the beginning of our Internet strategy," said CBS CEO Mel Karmazin in a statement. "Our goal is to be as strong a player in new media as we are in the established media of television, radio and outdoor." CBS already owns a 20 per cent stake in SportsLine USA and a 38 per cent stake in MarketWatch.com, which operates the CBS.MarketWatch.com Web site. ®

Enabling The Agile Data Center
Automating the Acquisition Process with Enterprise Level CRM
Checklist: Midmarket ERP Solutions
Analyst Keynote: The Register Agile Data Center Summit
Hosted CRM Can Be Your Secret Weapon to Success!

Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter