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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.

Permalink | Email this | Comments]]>CBSGE cbsGE wallstripGeCbsGeWallstripLindsay CampbellLindsayCampbellWallstripWallstrip purchaseWallstripPurchaseWed, 23 May 2007 14:55:00 EST<![CDATA[Wallstrip sale to CBS proves content is still king]]>http://www.bloggingstocks.com/2007/05/22/wallstrip-sale-to-cbs-proves-content-is-still-king/http://www.bloggingstocks.com/2007/05/22/wallstrip-sale-to-cbs-proves-content-is-still-king/http://www.bloggingstocks.com/2007/05/22/wallstrip-sale-to-cbs-proves-content-is-still-king/#commentsFiled under: ,


Wallstrip is our favorite online Wall Street video. There, I said it. Even though host Lindsay Campbell frequently featured interviews with competing blog personalities, I saw through my game theory grids to love her manner, her wit, her hair. She's just got great hair. So it was no surprise (and not even the slightest bit of jealousy) to see that Wallstrip was purchased for a rumored $5 million by CBS Corporation (NYSE: CBS).

Founder Howard Lindzon was giddy in his blog post that seemed to tend to the Emmy-acceptance-speech. While it may seem a bit grass-rootsy, it was altogether not -- the production was VC-backed, and $600k was invested into the project (a great return hmmm?). I don't know if I would have had the guts to invest so much in a long shot, but it's clear that in today's media world -- even though reality shows are beating more highly-crafted dramas at every turn -- content is indubitably still king. The kid with the freshest content (and the best hair) still wins.

Wallstrip sale to CBS proves content is still king originally appeared on BloggingStocks on Tue, 22 May 2007 17:12:00 EST. Please see our terms for use of feeds.

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