CBS Makes Wise Investment

CBS acquired social-networking Web site for $280 million, delving further into the music business where it was once a major player., “The Social Music Revolution,” was founded in the U.K. in 2002 and now has 15 million plus active users in more than 200 countries. Me included.’s team — including founders Felix Miller, Martin Stiksel and Richard Jones — will continue to independently run the site.
[SOURCE: The Wall Street Journal (paid sub. req.)]

About David Burn