As reported today, CBS is dropping $1.8 billion in cash on CNET. CNET in turn owns popular food site Chowhound. Remember the old days of Chowhound, when it was simply, basically, black text on a white background and the pages took forever to load? Amazing to see it go from a bedroom operation under founder Jim Leff to a property of a major entertainment network. Informed chowhounders are already anticipating changes, like their valiant foodie leader Leff appearing on CBS sitcoms and Letterman.
Updated: Jim Leff opines on the purchase: “What we don’t need, however, is a broader slice of diners participating. A real flood of unsavvy diners could dilute the knowledge level.”
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