CBS won’t buy YouTube, but still looking
Cory Bergman September 14th, 2006
CBS CEO Les Moonves told a gathering of TV execs in London that CBS is not interesting in buying YouTube. “It is obviously phenomenally successful,” Moonves said. “I doubt we would buy it at this point. Maybe we would look for the next YouTube, the next great idea that’s not spread across the world.” Moonves was seen chatting with YouTube CEO Chad Hurley earlier this year, fueling some speculation. Moonves also said the network has no immediate plans to acquire any social networking sites, but CBS is on the hunt to acquire new media ventures.
10 Comments Add your own
1. Dead2.0 » Arrington&hellip | September 15th, 2006 at 1:16 am
[...] EXCELLENT TIMING. It’s almost hand in hand with luck, actually. You can have the best vision or idea in the world, if you start it too soon or too late, you can walk on over to the LoserCamp. YouTube/CBS is a great example. [...]
2. Dead2.0 » 10 ways t&hellip | September 19th, 2006 at 7:41 pm
[...] 1. Get bought by Google 2. Get bought by Microsoft 3. Get bought by News corp 4. Get bought by eBay 5. Get bought by Google (they really want this one) 6. Wait for impending media frenzy, IPO in bubble, cash out fast 7. Launch eCard division, get bought by Excite (but not by American Greetings) 8. Begin streaming user-generated videos online, get bought by CBS 9. Sell site on eBay for $258,100 10, Get bought by Google. Please? [...]
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