CBS Picks Up Dotspotter

Get the WebProNews Newsletter:

[ Search]

$10 million could buy a lot of stuff – cars, recliners, you name it.  Or it could – and apparently did – buy one celebrity gossip site.  The $10 million came from CBS, and went to Dotspotter.

By itself, Dotspotter seems to represent a questionable investment.  It’s less than a year old, is not exactly popular, and, in the words of Mathew Ingram, has “a user interface and site design that seems to have been designed by colour-blind gerbils.”  Despite the success of TMZ, I’d rather have an office full of La-Z-Boys.

CBS may also have had its eye on Anthony Soohoo, though; Soohoo was a vice president at Yahoo, and is Dotspotter’s co-founder and CEO.  Perhaps this added incentive to buy will keep people from whispering about a bubble.

Either way, the Dotspotter purchase appears to be part of a trend.  As Valleywag noted, CBS has previously acquired Wallstrip and Last.fm.  It’s created communities, brought content online, and in related news, CBS’s “Entertainment Tonight” just signed a promotional deal with Ask.

CBS may or may not fully understand Web 2.0, but it sure is trying to embrace it.

CBS Picks Up Dotspotter
Top Rated White Papers and Resources
  • http://www.dotspotters.com John Miller

    I prefer dotspotters.com ;)

  • Join for Access to Our Exclusive Web Tools
  • Sidebar Top
  • Sidebar Middle
  • Sign Up For The Free Newsletter
  • Sidebar Bottom