CBS purchased Last.fm

CBS has been busy this month. They recently purchased videopodcast site, Wallstrip. Now they’ve purchased social music site, Last.fm for $280 million.

Last.fm is one of the fastest growing online communities with 15 million active users. I’ve never used the site but it allows you to connect with people that have similar music tastes, helps you discover new music and allows you to create your own online radio station.

Earlier this month CBS invested in Joost and contributed more than 2000 hours of CBS entertainment, sports and news programming. It seems like there is another dot.com boom percolating.

Posted in Web at 9:55 AM