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Next Establishment
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quincy smith
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Next Establishment
acquisitions
Internal management org chart for CBS and CNET
Quincy Smith will serve as CEO and Neil Ashe will serve as president at CBS Interactive in the wake of the now-completed acquisition of CNET by CBS. And those are just the juicy meatballs atop a tangled mess of management noodles after executives from the two companies were tossed in the pot. News.com editor Dan Farber, however, didn't even make the menu, notes presumptive CNET killer Michael Arrington, who presents the internal memos emailed to CBS and CNET employees. Farber might have been prescient in posting a photo of early CNETeer Ryan Seacrest to his preview of the Web site's new redesign — the CBS News demographic is older than the silver-maned Farber, and CBS head honcho Les Moonves played up sports and entertainment ahead of news at the new company.
mergers
The CBS-CNET merger negotiation timeline
How'd the CBS-CNET merger go down? Without much involvement from CBS Interactive head Quincy Smith, it turns out. Most of the negotiations with CNET CEO Neil Ashe went through Fredric Reynolds, Executive Vice President and Chief Financial Officer of CBS. Occaisionally, CBS CEO Leslie Moonves stepped in to move things along. That and more surprises in our timeline of the deal, below. More »
great moments in journalism
Times casts aspersions on Quincy Smith's fashion sense
The New York Times has learned a hard lesson: Say what you like about CBS Interactive head Quincy Smith — just don't criticize his duds. The bastion of class consciousness falsely claimed that he was wearing white shoes before Memorial Day — a big no-no among the ruling elite, where white shoes, seersucker and summer dresses are officially verboten except between the holiday that marks the start of the summering season and Labor Day, which marks the end.An article on Friday about CBS's $1.8 billion deal to buy CNET Networks misstated, in some copies, the color of the sneakers worn by Quincy Smith, president of CBS Interactive, in an appearance last week at the network's upfront presentation for advertisers. As an accompanying picture showed, they were dark-colored — not his trademark white ones.The Times regrets the error, natch.(Photo by Nick Richards)
cbs
My 60 seconds with Quincy Smith
If CBS were to greenlight a TV series about life at a modern media giant, the director would find it hard to cast anyone but Quincy Smith as himself. Call it 60 Seconds, a version of the news show sped up for the Web. His $1.8 billion CNET buy is just the latest episode in the life of the fast-talking president of CBS Interactive. Smith is sui generis; the stereotype, which grates on him but fits, is that of a frenetic dealmaker. Last month, he said he was looking for "the next YouTube"; instead, he bought a company which, having been founded in 1992, is eight times older than the current incarnation of CBS. CBS handlers offered to have him speak to me; I accepted. In the middle of the mile-a-minute conversation-argument, I think we both wondered what we'd gotten ourselves into. A partial transcript — the most I was able to type out while trying to keep up with Smith's banter: More »
cnet
Quincy Smith's one big idea
CNET has been eyed by Quincy Smith, CBS's hyperacquisitive online chief, long before he sealed a $1.8 billion deal to buy the company. As a banker at Allen & Co., CNET was his client. "At one point, he wrote this major presentation about how valuable content was," a tipster tells us. "The single example in it was CNET. It was basically his only idea." An unfair dig? Perhaps. There is little like CNET on the market — a pure play on professional online content worth $1.8 billion? It can't be found. But the lack of a direct competitor may have also been CNET's undoing — the mixed blessing that brought it under attack by activist investors and led it to CBS's waiting arms. More »
10:40 AM on Thu May 15 2008
By Owen Thomas
1,503 views,
5 comments
Latest by jpelline: Halsey *built* a horse farm, while Shelby inherited one. (Shelby's family is a longtime horse family from Kentucky). But Halsey more »
quincy smith
CBS interactive boss opens new VC exit ramp just off 101
A Microsoft buyout of Yahoo will close yet another exit for venture-backed startups, but another buyer just opened shop in town. CBS Interactive plans to open a new office in Menlo Park. And frenetic dealmaker Quincy Smith is here to buy. CBS CEO Leslie Moonves recently told conference attendees that "online revenues are north of $200 million, growing 30 to 40 percent," but Merrill Lynch analyst Jessica Reif Cohen said the company needs to make an acquisition soon to keep pace. Smith agrees. Last year, he promised to buy the next YouTube, "only a year earlier, when they were 1/32nd of their size." Tiny companies with zero revenues but excruciatingly high burn rates? Quincy, we'll keep you posted.
online advertising
CBS charges more for Web video than prime time TV
CBS Interactive chief Quincy Smith says he can charge advertisers $20 per thousand views, higher than the rate CBS gets for prime-time television. As SAI points out, this may be more due to CBS's relatively small supply of Web content and viewers, rather than rapacious advertiser demand. Bear Stearns analyst Robert Peck yesterday said advertisers would spend $1.35 billion on Web video in the U.S. in 2008 — about 1.6 percent of what they'll spend on TV.
superficial
Quincy Smith is totally adorable, people
Silicon Alley Insider's Peter Kafka lavishes praise on Quincy Smith, CBS's hyperactive interactive dealmaker. The ostensible reason? A well-executed deal between Digg and CBSNews.com, designed to avoid offending the fragile feelings of the social news site's oversensitive communities. Forget all that. The real reason? Kafka has a massive mancrush on Smith — as does just about every other tech reporter I know. Smith is witty, adorable, and just geeky enough for us to relate. He's also got an open pocketbook to buy Web properties, which makes him a font of story-generating deal rumors. But he's mostly adorable. Oh, those eyebrows!
rumormonger
Digg close to a $300 million sale?
Digg is close to announcing its sale to a major media player for $300 million to $400 million, according to sources close to the company, I hear. When I floated this Digg rumor past some knowledgeable friends, several scoffed: "When isn't Digg up for sale?" It's true: The news-discussion site is perpetually in talks — but we hear the price tag always sinks potential deals before they're consummated. CBS, for example, backed off, with effervescent dealmaker Quincy Smith citing the media company's bubbly $280 million purchase of Last.fm as the reason it couldn't bid a high price for Digg. Things are different now, though. More »
1:43 PM on Wed Nov 7 2007
By Owen Thomas
35,893 views,
12 comments
Latest by ceokhan: Digg is quiet a money maker so I am not surprised at the price tag. Although through their recent success more »
