WebProNews

CNET, Yahoo Make Friends

A lot of people are at least familiar with CNET, but starting soon, Yahoo is going to introduce the site to even more of them.  CNET and Yahoo should announce a new content and advertising deal sometime this afternoon.

Frost & Sullivan's Study On Data Leaks

A new study from Frost & Sullivan suggests companies have a new enemy to face, in their battle to protect their online reputation–their own data leaks. According to CNET: Indeed, three-fourths of the information security professionals around the world surveyed by Frost & Sullivan say they now consider avoiding reputation damage to their organizations as a top priority.

Facebook And ConnectU Reach Settlement

As with most legal battles, the ConnectU suit against Facebook has begun to drag out: first filed in September 2004, the legal battle over who originally created the source code for Facebook is still ongoing. Last July, a Massachusetts Federal judge ruled that ConnectU needed concrete evidence to bring their suit.

CNET Slashing 120 Jobs

Ten percent of the CNET workforce will be hammering their connections for job leads, as the media company trimmed its workforce amid board takeover threats from the Jana Partners hedge fund.

Problems With Facebook's New Privacy Measures

As promised yesterday, Facebook has announced new privacy measures. The new features include long-sought for privacy controls based on friend lists (which were introduced in December).

Consumating To Shut Down

If you want to find "people who don't suck," you'll soon have to use some site other than Consumating.  The social network/dating resource is scheduled to close on March 15th.

CNET Calls JANA's Proposal 'Improper'

CNet Networks responded to hedge fund JANA Partners' aggressive proposal to takeover the company upon acquiring a majority of shares in the company. CNet called JANA's proposal "improper" and indicated that a takeover would not add value for stockholders.JANA Partners issued an announcement this morning and filed with the Securities and Exchange Commission its intent to submit proposals to amend CNet's bylaws in order to increase the size of the board of directors from eight to thirteen. The move came after JANA acquired 21 percent, or a majority stake, in the company.

CNet Facing Shareholder Unrest

A New Year's downgrade of CNet Networks has an activist group of investors calling for big changes with the company.

Investor Revolt Against CNET

Updated: The NY Times reports this morning that, "consortium of prominent investment funds has amassed a 21 percent stake in CNet and is seeking to oust the company’s directors and take over a majority of its board".

Gaming Blogs Abuzz Over Reviewer's Firing

Jeff Gerstmann's negative review of massively promoted Eidos title Kane & Lynch: Dead Men may have contributed to his dismissal as gaming editorial director from CNet's Gamespot.