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CNET All-Hands: ‘Very Few’ Redundancies; CBS Interactive To Be Folded Into CNET

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As noted this morning, CNET (NSDQ: CNET) is holding an all-hands meeting this afternoon (1:30 ET), a chance for CEO Neil Ashe and CBS (NYSE: CBS) CEO Leslie Moonves to discuss things with employees. Not a CNET employee? It looks like you can follow along here, though who knows if there’ll be anything that hasn’t been covered elsewhere. Unfortunately it seems that link won’t work outside the firewall. If we hear of any news made, we’ll let you know.

Some notes from the call: Courtesy of someone who was able to listen to the call, it sounds as though all of CBS Interactive will basically be rolled into CNET with Neil Ashe running the show reporting to Quincy Smith. Just conjecture, but that could mean Ashe running ops and Smith doing broader strategy (deals etc.). At this point, the deal is expected to close at the end of June, and there are currently transition teams on both sides. “Very few” redundancies are expected.

May 20, 2008 12:19 PM ET
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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, CBS, CBS Interactive, CNET

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