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.

CBS buys internet show Wallstrip originally appeared on BloggingStocks on Wed, 23 May 2007 14:55:00 EST. Please see our terms for use of feeds.