CBS acquires last.fm for $280m

It will be curious to see where this heads in the long run. CBS is on a tear but will it fit their image, will they try and establish control, overall agenda. I've enjoyed last.fm for many years supporting through paypal donations each time I expire.<p>..it'll be interesting.

Does this mean that there's now a big-name company who will fight for the repeal of the recent streaming-music royalty hike?

Also on BBC News: <a href="http://news.bbc.co.uk/1/low/technology/6701863.stm" rel="nofollow">http://news.bbc.co.uk/1/low/technology/6701863.stm</a> .<p>Nice to see a London-based co. hit the headlines.

I don't understand what they do that is worth $70M a year.

sold out too cheaply. given their leadership position, they should have ask for at least $500m