CNET (NSDQ: CNET) Networks, whose proxy fight with the consortium led by Jana Partners has been quiet for the last few weeks, is now in overdrive again: the Supreme Court of Delaware has affirmed the Delaware Court of Chancery’s decision on Jana’s rights to nominate directors and propose other business…

Updated below after the jump, response from CNET The ultimate dis: CNET (NSDQ: CNET) is stuck in Web 1.0. That’s according to activist investor Jana Partners in a new white paper explaining its turnaround plan for the company. In it, the investor group argues that CNET’s existing management has presided…

Jana Partners, the activist group going after CNET (NSDQ: CNET), has published a letter commenting on the company’s latest layoffs and reorganization. The firm says it is “astounding” that it took the company so long to make a shakeup. It argues that the latest moves are years too late and…

As it hinted last week, CNET (NSDQ: CNET) says it will appeal the Delaware Chancery Court ruling allowing Jana Partners to nominate a slate of board candidates. Since the ruling came down last Thursday, the two sides have engaged in a back-and-forth war of words, with Jana, just this morning,…

Jana Partners the hedge fund railing for a change at the board level at CNET Networks, has sent an open letter to CNET’s management, after a court victory last week.  CNET said last week that it is considering an appeal of the Delaware court ruling. In the letter, Jana’s managing…

After the court ruling defeat yesterday, CNET Networks CEO Neil Ashe sent out an internal e-mail to employees explaining the management’s stance. The e-mail was filed with SEC earlier this morning and reproduced below: “Today, Delaware Court ruled on JANA’s motion from January. We are reviewing the court’s decision, considering…

Note: The ruling from Delaware court is embedded below (RSS readers will have to click through). A big win for the investor group trying to shake things up at CNET… a judge in Delaware Chancery Court has affirmed the right of Jana Partners to nominate directors to the company’s board.…

The activist investors looking to shake up CNET (NSDQ: CNET) continue to accumulate their holdings, undeterred by the roadblocks put up by the company. Sandell Asset Management said in a filing that it had purchased another 800,000 shares at $9.06 each, bringing its total holdings to 3.47 million shares, or…

The flurry of activity, this week, surrounding CNET (NSDQ: CNET) and a group of activist investors, may prove nothing more than the opening skirmish of a long, protracted war. On Monday, when Jana Partners announced its intention to run a slate of seven candidates for the company’s board, it noted…

More to come: Jana Partners, part of the consortium trying to push CNET (NSDQ: CNET) Networks into a board change, has increased its stake in the company. It now holds approximately 10.5 percent (up from the previously disclosed 8.1 percent)of CNET’s voting stock and maintains a separate, approximately 6 percent…

This discontent has been brewing for a while, and now, some investors are taking action: A consortium of investment funds has amassed a 21 percent stake in CNET (NSDQ: CNET) Networks, and are hoping taking over the majority of the board, reports NYT, citing a letter the consortium sent to…