Comments on: CNET Sells Webshots For $45 Million; Other News http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/ Startup and Technology News Thu, 24 Jul 2008 22:35:41 +0000 http://wordpress.org/?v=2.5.1 By: Complete List of 2007 Web / Technology Acquisitions » The StartUp Blog at PartnerUp http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2316167 Complete List of 2007 Web / Technology Acquisitions » The StartUp Blog at PartnerUp Wed, 21 May 2008 15:35:55 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2316167 [...] photo and video sharing website. Press Release | TechCrunch | [...] [...] photo and video sharing website. Press Release | TechCrunch | [...]

]]> By: XMLRPC Test » GR Shared Link - Why CBS Bought CNET, And Not The Other Way Around http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2307600 XMLRPC Test » GR Shared Link - Why CBS Bought CNET, And Not The Other Way Around Sun, 18 May 2008 23:38:05 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2307600 [...] October 2007: CNET Sells Webshots for $40 million [...] [...] October 2007: CNET Sells Webshots for $40 million [...]

]]> By: TechCrunch en français » Pourquoi CBS a racheté CNET et pas le contraire http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2301116 TechCrunch en français » Pourquoi CBS a racheté CNET et pas le contraire Fri, 16 May 2008 15:01:50 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2301116 [...] Octobre 2007: CNET vend Webshots pour $40 millions [...] [...] Octobre 2007: CNET vend Webshots pour $40 millions [...]

]]> By: Why CBS Bought CNET, And Not The Other Way Around http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2299378 Why CBS Bought CNET, And Not The Other Way Around Thu, 15 May 2008 19:19:01 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2299378 [...] October 2004: CNET Sells Webshots for $40 million [...] [...] October 2004: CNET Sells Webshots for $40 million [...]

]]> By: AllYouCanUpload Slips Quietly Into Deadpool http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2181427 AllYouCanUpload Slips Quietly Into Deadpool Wed, 16 Apr 2008 02:22:16 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2181427 [...] sites like Photobucket and ImageShack. The site was part of the Webshots photo service, which was sold by CNET to American Greetings in October [...] [...] sites like Photobucket and ImageShack. The site was part of the Webshots photo service, which was sold by CNET to American Greetings in October [...]

]]> By: CNET Board Has “Tense, Uncomfortable” Meeting With Jana Corsortium http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2028405 CNET Board Has “Tense, Uncomfortable” Meeting With Jana Corsortium Mon, 10 Mar 2008 03:21:32 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-2028405 [...] has recently made a few high profile management changes (all for the better, in my opinion) and has sold off assets. CrunchBase Information CNET Networks Information provided by [...] [...] has recently made a few high profile management changes (all for the better, in my opinion) and has sold off assets. CrunchBase Information CNET Networks Information provided by [...]

]]> By: Is Time Running Out For CNET? http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1902169 Is Time Running Out For CNET? Mon, 07 Jan 2008 09:56:15 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1902169 [...] a little over two months ago CNET CEO Neil Ashe said all was well at the company. The problem is that the markets don’t seem to agree. The NYT [...] [...] a little over two months ago CNET CEO Neil Ashe said all was well at the company. The problem is that the markets don’t seem to agree. The NYT [...]

]]> By: David Mackey http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1704072 David Mackey Sat, 27 Oct 2007 06:39:08 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1704072 I am surprised they sold Webshots. I think it was a good thing. I never used it but knew lots of people (generally less technically literate) who loved it. I am surprised they sold Webshots. I think it was a good thing. I never used it but knew lots of people (generally less technically literate) who loved it.

]]> By: randy http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1703654 randy Sat, 27 Oct 2007 03:10:46 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1703654 C|NET has 'key areas of growth'? Eh, like what? Does anybody even VISIT C|NET? They've been around since nearly the very beginning, but I have NEVER understood what their deal is. They are the epitome of the sort of fluffed-up nothingness that web-crazy marketeers conjure up to create value out of thin air – an "internet property," as they call it proudly. I have no idea how they've lasted this long. They lack any sort of specialty. Nobody is drawn to the site – there is no gravity, no genuine interest or utility in any sense whatsoever that gets people to type "CNET.com" in their window. They are completely irrelevant. A waste of a good four letter domain. The site doesn't even load quickly, it's sluggish and outdated. Like Windows. C|NET has ‘key areas of growth’? Eh, like what? Does anybody even VISIT C|NET? They’ve been around since nearly the very beginning, but I have NEVER understood what their deal is. They are the epitome of the sort of fluffed-up nothingness that web-crazy marketeers conjure up to create value out of thin air – an “internet property,” as they call it proudly. I have no idea how they’ve lasted this long. They lack any sort of specialty. Nobody is drawn to the site – there is no gravity, no genuine interest or utility in any sense whatsoever that gets people to type “CNET.com” in their window. They are completely irrelevant. A waste of a good four letter domain. The site doesn’t even load quickly, it’s sluggish and outdated. Like Windows.

]]> By: J http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1702280 J Fri, 26 Oct 2007 15:36:48 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1702280 @2: Doug Mehus Per the podcast the original sale of webshots was for $80mln which was mostly stock which lost most if not all of it's value over the following 2 yaers. They purchased it back for 2.4 million and then subsequently sold it to CNet for $70mln. Just fyi :) -- still an amazing story. @2: Doug Mehus

Per the podcast the original sale of webshots was for $80mln which was mostly stock which lost most if not all of it’s value over the following 2 yaers. They purchased it back for 2.4 million and then subsequently sold it to CNet for $70mln.

Just fyi :) — still an amazing story.

]]> By: Michael http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1702103 Michael Fri, 26 Oct 2007 13:38:50 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1702103 When CNET purchased WebShots in 2004, the site was earning around $3.5M in revenue per quarter. If the site consistently brought in $3 million per quarter, 11 quarters later the site would have generated over $30 mil in revenue. (The site contributed around $2 million in operating income or $22 million while held by CNET.) This site was probably a breakeven transaction for CNET. If you ask me, they sold Webshots at the perfect time. When CNET purchased WebShots in 2004, the site was earning around $3.5M in revenue per quarter. If the site consistently brought in $3 million per quarter, 11 quarters later the site would have generated over $30 mil in revenue. (The site contributed around $2 million in operating income or $22 million while held by CNET.)

This site was probably a breakeven transaction for CNET. If you ask me, they sold Webshots at the perfect time.

]]> By: anuj http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1701551 anuj Fri, 26 Oct 2007 08:26:15 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1701551 It's really kind of sad, since CNET previously spent $70 million on this site just three years ago It’s really kind of sad, since CNET previously spent $70 million on this site just three years ago

]]> By: Doug Mehus http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1701210 Doug Mehus Fri, 26 Oct 2007 05:21:55 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1701210 Yes, it looks like it includes All You Can Upload, Julan. I love AYCU for its simplicity and ease of use. I use Google Bookmarks to save my uploaded stuff, too. :) Cheers, Doug Yes, it looks like it includes All You Can Upload, Julan. I love AYCU for its simplicity and ease of use. I use Google Bookmarks to save my uploaded stuff, too. :)

Cheers,
Doug

]]> By: JalanSutera http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700853 JalanSutera Fri, 26 Oct 2007 02:35:26 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700853 Does this sale affect AllYouCanUpload.com? I use this service a lot. Please clarify this... Does this sale affect AllYouCanUpload.com? I use this service a lot. Please clarify this…

]]> By: Sam Donaldson http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700791 Sam Donaldson Fri, 26 Oct 2007 02:07:23 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700791 Boring. Boring.

]]> By: mik http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700653 mik Fri, 26 Oct 2007 01:02:11 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700653 I thought this blog was about facebook only? How come we are seeing other stories? I thought this blog was about facebook only? How come we are seeing other stories?

]]> By: Chip http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700523 Chip Fri, 26 Oct 2007 00:01:36 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700523 So help me understand something... if CNet sold Webshots... why is CNet hiring a Site Director? I put a screenshot at - http://www.interactivesalsa.com Kind of funny. Of course, it is just a matter of being out of sync with the announcement. Thanks for covering this story. So help me understand something… if CNet sold Webshots… why is CNet hiring a Site Director? I put a screenshot at - http://www.interactivesalsa.com

Kind of funny. Of course, it is just a matter of being out of sync with the announcement.

Thanks for covering this story.

]]> By: Wes http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700499 Wes Thu, 25 Oct 2007 23:47:08 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700499 I think in those two years they should have made enough money to justify to sell at $45M. I think in those two years they should have made enough money to justify to sell at $45M.

]]> By: learn php http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700447 learn php Thu, 25 Oct 2007 23:18:54 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700447 wow! this actually came as a sad news to me. I have been using webshots since '99 and is one of the oldest and one of the first photo sharing sites on the net. They even offered free wallpapers. Webshot is an excellent source for professional photographs. I hope the new owners don't wreck it. wow! this actually came as a sad news to me. I have been using webshots since ‘99 and is one of the oldest and one of the first photo sharing sites on the net. They even offered free wallpapers. Webshot is an excellent source for professional photographs. I hope the new owners don’t wreck it.

]]> By: i'm Ronald Lewis http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700445 i'm Ronald Lewis Thu, 25 Oct 2007 23:18:30 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700445 $45 million for photos. CNET sold this acquistion for a 25M loss. "...f'n bitch" $45 million for photos.
CNET sold this acquistion for a 25M loss.

“…f’n bitch”

]]> By: Don Wilson http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700372 Don Wilson Thu, 25 Oct 2007 22:37:07 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700372 RBA, if the site made absolutely no revenue between those two years, I would agree. RBA, if the site made absolutely no revenue between those two years, I would agree.

]]> By: Matt http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700339 Matt Thu, 25 Oct 2007 22:21:01 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700339 Except what was "hinted at" in that post had nothing to do with what was actually announced and has been thoroughly debunked (since it didn't make any financial sense) in the comments. Except what was “hinted at” in that post had nothing to do with what was actually announced and has been thoroughly debunked (since it didn’t make any financial sense) in the comments.

]]> By: BRadC http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700222 BRadC Thu, 25 Oct 2007 21:36:32 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700222 @4. John, with the greatest of respect, you Sir are an ass. If you simply wish to read the hackneyed press releases and sympathetic journalism of sycophantic industry journalist might I suggest you're in the wrong place. Whilst I don't always agree with the editorial decisions made here, I at least can gain something from the knowledge that we are, at the least, gaining a useful perspective from the point of view of those who influence the industry. Arrington, carry on. @4. John, with the greatest of respect, you Sir are an ass.

If you simply wish to read the hackneyed press releases and sympathetic journalism of sycophantic industry journalist might I suggest you’re in the wrong place.

Whilst I don’t always agree with the editorial decisions made here, I at least can gain something from the knowledge that we are, at the least, gaining a useful perspective from the point of view of those who influence the industry.

Arrington, carry on.

]]> By: Steve Ballmer http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700215 Steve Ballmer Thu, 25 Oct 2007 21:33:40 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700215 Wow! That's $45,000 per registered user! That's some expensive ads! http://fakesteveballmer.blogspot.com Wow! That’s $45,000 per registered user!
That’s some expensive ads!

http://fakesteveballmer.blogspot.com

]]> By: Michael Arrington http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700214 Michael Arrington Thu, 25 Oct 2007 21:32:40 +0000 http://www.techcrunch.com/2007/10/25/cnet-sells-webshots-for-45-million/#comment-1700214 RBA - you may lose a little on every transaction but you can make up for it with volume. RBA - you may lose a little on every transaction but you can make up for it with volume.

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