Categories: AudioIndustry

CBS Acquires Last.fm

If you scroll down TechMeme today past all the news about Microsoft’s surface computing concept (way cool), you’ll land on several articles about CBS’s acquisition of Last.fm. I have a very selfish reason for finding this interesting. If Last.fm warrants a buy-out by CBS (to to the tune of $280M), maybe that means Pandora will survive. The way I figure it, either someone with a large bankroll picks it up to compete with CBS, or, preferably, legislators finally recognize just how valuable Pandora-like services are and shut down the CRB’s plans to impose unworkable royalty fees.

Okay, probably just wishful thinking. Please don’t take away my Pandora.

Published by
Mari Silbey