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Blockbuster Swings to Profit on U.S. Sales Growth   more similar news »
The movie rental chain posted first-quarter profit of $42.6 million, citing lower expenses and improved results from its subscription service and domestic sales growth.
Thu May 15, 2008
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Icahn to battle Yahoo to accept Microsoft bid   more similar news »
NEW YORK (Reuters) - Financier Carl Icahn launched a proxy battle on Thursday to force Yahoo Inc to reopen buyout talks with Microsoft Corp , saying the Yahoo board had acted "irrationally" in refusing its $47.5 billion offer.

Thu May 15, 2008
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Judge Says First-Ever RIAA Piracy Trial May Need a Do-Over   more similar news »
The judge who presided over the nation's first file sharing trial says he is considering granting a retrial. The judge said that Jammie Thomas, who was being sued by the recording industry, may not have gotten a fair trial.

Thu May 15, 2008
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Chevrolet Volt Hits the Road With Li-Ion Batteries, 40-Mile Range   more similar news »
The odds General Motors will have the Volt rolling off an assembly line by the end of 2010 are much stronger now that it's got the lithium-ion battery and gas-electric drivetrain in a test car.

Thu May 15, 2008
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Woman indicted in Missouri MySpace suicide case    more similar news »
LOS ANGELES -- A federal grand jury on Thursday indicted a Missouri woman for her alleged role in perpetrating a hoax on the online social network MySpace against a 13-year-old neighbor who committed suicide.

Thu May 15, 2008
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Facebook to Google: Friend Disconnect   more similar news »

The industry momentum for data portability brotherhood hit a bump on Thursday when Facebook blocked Google's Friend Connect service from accessing Facebook members' data.

Friend Connect violates Facebook's terms of service because it "redistributes user information from Facebook to other developers without users' knowledge," Facebook official Charlie Cheever wrote on the company's blog for developers.

"Just as we've been forced to do for other applications that redistribute data in a way users might not expect or understand, we've had to suspend Friend Connect's access to Facebook user information until it comes into compliance," Cheever wrote.

Facebook has already contacted Google "several times" about the issue and is looking forward to finding a resolution, according to Cheever.

Friend Connect, Facebook Connect, and MySpace Data Availability are separate initiatives announced in the past week designed to let people reuse the content from their social network profiles in other sites.

The main idea behind this data portability concept is to save people from having to reenter into multiple sites common profile information such as their personal interests, list of friends, photos, video clips, blog postings, and the like.

However, none of the three initiatives even comes close to providing a broad data portability solution, although MySpace, Google, and Facebook have been commended by industry observers for at least taking some first steps to address the issue.

It's not a secret that data portability itself is a complicated matter to solve due to significant technical as well as commercial and operational challenges that surround it.

Thursday's move by Facebook highlights just one of the considerable obstacles for data portability: the different user-privacy policies and settings that exist among social networks and online service providers. These policies and settings need to be reconciled and harmonized in order for them to share and accept user data from each other.

Google didn't immediately respond to a request for comment about Facebook's decision to block Friend Connect.

Thu May 15, 2008
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Facebook to Google: Friend Disconnect   more similar news »
The industry momentum for data portability brotherhood hit a bump on Thursday when Facebook blocked Google's Friend Connect service from accessing Facebook members' data.
Thu May 15, 2008
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CBS in $1.8B deal for online news, info site CNet    more similar news »
NEW YORK -- CBS Corp. is acquiring a big online reach with its acquisition of CNet Networks Inc. but also a company that's faced heavy criticism from investors. Those concerns as well as the hefty $1.8 billion price tag helped send CBS's shares down after the deal was announced Thursday.

Thu May 15, 2008
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DealBook: CBS to Pay $1.8 Billion for CNET Networks   more similar news »
The deal for CNET is CBS’s biggest online acquisition since it hired Quincy Smith, a former media and technology investment banker, to lead its interactive unit in late 2006.
Thu May 15, 2008
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CNET Staffers Happy to be CBS Employees   more similar news »

CNET staffers are joking that CBS bought their company purely for the coveted News.com domain name. But nobody is complaining about the windfall.

"The scuttlebutt … around here is that News.com will be used for CBS' News operations and that our News.com will end up being a tab off that page," said one staffer, who asked not to be identified.

It's inconceivable that CBS paid a staggering $1.8 billion just for a domain name, but nonetheless, most of the reporters at News.com -- the tech news division of CNET -- are expecting that CBS will take the domain name for its own news operation, the staffer said.

"It does seem clear we will lose our domain name," the staffer said. "At least we have a parent that's solid and has some money -- and isn't News Corp."

Once the highflier of online media, CNET has recently been rocked by stock option scandals, hostile takeover attempts, layoffs and staff attrition. Skeleton crews run many departments and morale is low.

While CBS is seen as stodgy, the company is stable and has a solid reputation for supporting the expensive business of news.

Delighted rank and file are busy trying to tabulate the worth of their shares, which they've been told will all vest immediately.

CBS paid a premium $11.50 per share for CNET, a 44-percent premium above CNET's closing price yesterday.

"We feel it's pretty good news, and we're all pretty happy," said another employee at CNET who also asked not to be named. "It was a good price, and we're all going to make a bit of money off of it."

None of the staffers have yet been told CBS's plans but a company-wide meeting is scheduled for next Tuesday, they said.

"Me personally, my initial reaction was 'Oh, fuck, corporate media is getting to us.'" said one CNET designer, who also asked not to be identified. "Every channel of communication in this country is owned by five or six companies, and we're joining that group … I just don't know if there's a way around that anymore."

But the designer said, generally, the staff welcomed the acquisition.

"The general feeling in the small talk going around is that this is a positive development," the designer said. "We're finally going to have some money behind us, because CNET has been hurting for the last couple of months. The first two quarters have been kind of hard, so I think this comes as good news, because obviously CBS is a big company that has a lot of capital."

"The mood is light. People are upbeat about it," said one staffer. "There's no worrying or anything. I think people think it's a good thing overall for the company."


Thu May 15, 2008
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