CBS Interactive (NYSE: CBS) is confirming paidContent's earlier story that it is merging the newsrooms belonging to CBSNews.com and CNET into one. However, an emailed statement offered no specifics on layoffs or how the websites would be altered. The CBSI statement obliquely states the integration process between the two now calls for "further combination of several portions of the division into unified groups oriented around similar content." CBSI said that areas that appear duplicative will be experience some "reduction," though it does not identify what those areas are. CBS bought CNET for $1.8 billion in May. Speaking this week at the UBS Media Week conference, CBS CEO Leslie Moonves said that while the deal has created a lot of value for the company, that given the current state of the economy, he would not make the same move today.
By David Kaplan