Printed from http://www.electronista.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 Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs an ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Sponsor

toggle

Most Commented

 
toggle

Popular News