CBS buys internet show Wallstrip

Posted May 23rd 2007 2:55PM by Tom Barlow
Filed under: Deals, Television, Internet, CBS Corp 'B' (CBS)

The cheeky, sassy internet show, Wallstrip, a favorite of Wall Street devotees, has been purchased by CBS Corp. (NYSE: CBS). The daily internet show features news and stories about market happenings, and has made a star out of host Lindsay Campbell. Today, she gave the best, imho, announcement of a deal evar. Check it out.

This deal is emblematic of the reversal of flow underway. Where once entertainment flowed from producer to vendor to consumer, much of the most widely-enjoyed now comes from downstream. CBS shows it has recognized this sea change, and bought a great product rather than attempting to develop its own. We can only hope they don't attempt to homogenize it in the process.

Tags: CBS, GE cbs, GE wallstrip, GeCbs, GeWallstrip, Lindsay Campbell, LindsayCampbell, Wallstrip, Wallstrip purchase, WallstripPurchase