CBS buys CNet Networks

The New York Times reports that CBS announced a $1.8 billion deal to buy the online media brand CNet Networks, home of Web sites like CNet.com (on technology), BNet (on business), GameSpot (on video games), TV.com (on television), and CHOW (on cooking).
CBS has been snapping up small Web sites in the last year or so, including Last.fm, a music Web site it bought for $280 million, Wallstrip, which makes irreverent financial-themed Web videos, and DotSpotter, a celebrity gossip site. But at $1.8 billion, the deal for CNet is the biggest by far in its recent Internet expansion, making the network — and therefore Mr.(Quincy)Smith (the president of CBS Interactive) — bigger players in online media.
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