Broadcast news company has purchased finance video blog for $5 million, according to reports from Jossip and TechCrunch.
The video show's host and producers will become full-time employees of CBS.
The home page revamp focuses intently on editorial "curation," rather than a more social direction being taken by rival Yahoo.
The Web video star recently made the jump from Wallstrip, which was acquired by CBS Interactive, to a full-fledged new CBS online show. CNET News.com caught up with her in Austin to hear more.
It's no Gawker or Perez Hilton, but somebody might still want it. New York Post reports that Jossip editor David Hauslaib may be trying to sell his company.
The media giant has sent out invitations to a press conference promising "a new unprecedented service" involving the social music site.
The division's head, Quincy Smith, has his roots in Silicon Valley investment banking. Now, he's bringing the big-media brand to the Bay Area.
Rocketboom creator Andrew Baron eschewed the norm by going for a distribution deal rather than raising venture capital, which he says hasn't helped video start-ups anyway.
From News.com, a look into the recent climate of media acquisitions.
According to several blogs, the media company's interactive division has picked up the social gossip start-up for about $10 million.