CNET and Jana: The Battle Drags On

In another micro-move in the fight between activist shareholders and CNET, the Delaware Supreme Court given the thumbs up to a lower court ruling that the Jana Partners group can nominate a slate of directors to the board of San Francisco-based tech news and reviews site. CNET has been fighting these efforts by Jana–along with Sandell Asset Management, Alex Interactive Media, Spark Capital and Velocity Interactive Group–to nominate two director and expand the board and add more of their own nominees–claiming it was contrary to its bylaw. Apparently not!
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"Like It or Not: You're in the Media Business" ATD Reader Discount

One of AllThingsD.com’s greatest friends–integral to its creation, in fact–has been Gordon Crovitz, former publisher of The Wall Street Journal and former president of the Dow Jones Consumer Media Group. Crovitz knows a thing or two about the transition mainstream media has been making to new media and, more importantly, was never scared of the [...]