Welcome to WebProNews Breaking eBusiness and Search News
Advertise | Newsletter | Sitemap | News Feeds News Feed 
 WebProNews Search Part of the iEntry network iEntry inc. 

CNET Probably Not For Sale

David Utter
Expert Author
Published: 2005-07-05

WebProNews RSS Feed

A recent article from News Corp's New York Post suggested CNET Networks could be in play as an acquisition target.

The NewYork Post, citing an anonymous source on June 30, suggested CNET Networks could be the latest in a long string of online media acquisitions. While a traditional media name like Viacom was mentioned, AOL, Yahoo!, and InterActiveCorp were listed as possible buyers.

CNET Probably Not For Sale
With a strong web presence and multiple online outlets, CNET could be an attractive acquisition target. The company won't officially discuss the Post's article. A spokesperson for CNET said, "It's our policy not to comment on rumors or speculation."

But Wall Street sees CNET as overvalued at current stock prices, which value it in the $1.6 billion USD range. One analyst for Standard and Poor's Equity Research, Scott Kessler, rates CNET a "strong sell" and is turned off by the company's high debt.

Recent CNET financials disclosed a first quarter result of $383,000 in net income on $74.7 million in revenue. Its various Internet properties picked up almost 106 million unique monthly visitors during the quarter.

Still, one expert in media mergers and acquisitions doesn't see the CNET deal happening anytime soon. "We are skeptical of the current takeover rumors on CNET," said Tolman Geffs, managing director, the Jordan, Edmiston Group.

"Looking forward, CNET certainly is attractive given their audience. The current market price reflects high growth expectations, so perhaps CNET will grow into its valuation."

Receive Our Daily Email of Breaking eBusiness News

About the Author:
David Utter is a staff writer for WebProNews covering technology and business. Email him here.

WebProNews RSS Feed

More Articles

Contact WebProNews


Targeted Information for Business
WebProNews is part of the iEntry network

Internet Business: Marketing: Small Business:
WebProNews MarketingNewz SmallBusinessNewz
WebProWorld AdvertisingDay PromoteNews
EcommNewz SalesNewz EntrepreneurNewz

Software: Search Engines: Web Design:
WebMasterFree Jayde B2B DesignNewz
NetworkingFiles SearchZA FlashNewz
SecurityConfig SearchNewz WebSiteNotes

Developer: IT Management: Security:
DevWebPro ITManagement SecurityProNews
DevNewz SysAdminNews SecurityConfig
TheDevWeb NetworkingFiles NetworkNewz

The iEntry Network consists of over 100 web publications reaching millions of Internet Professionals. Contact us to advertise.

 Advertise | Contact Us | Corporate | Newsletter | Sitemap | Submit an Article | News Feeds
 WebProNews is an iEntry, Inc. ® publication - $line) { echo $line ; } ?> All Rights Reserved
About WebProNews
WebProNews is the number one source for eBusiness News. Over 5 million eBusiness professionals read WebProNews and other iEntry business and tech publications.

WebProNews provides real-time coverage of internet business.

Free Email Newsletters:
WebProNews SearchNewz
WebProWorld DevWebPro
Marketing SecurityNews
Plus over 100 other newsletters!

Send me relevant info on products and services.

Ten most recent posts.

Featured Software

WebProNews in the News
View all recent mentions of WebProNews from around the world!

Recent Articles On ...
Google eBusiness
Yahoo Ask Jeeves
MSN Blogs
Search Engines Blogging
Affiliate Programs Marketing
eCommerce Advertising
eBay Sun Microsystems
AOL Adsense
Microsoft Adwords
Oracle IBM
Amazon Apple
SEO iPod
Adsense XBox
PR Adobe

iEntry.com WebProWorld RSS Feed WebProWorld Contact WebProNews Print Version Email a friend Bookmark us