Last.FM and CBS

CBS paid $280 million to buy the social networking site Last.FM.

Sites like Last.FM and Tim Westergren's founding effort -- Pandora -- represent "an" aspect of the future of radio because fans can in effect program their own music and these sites are social networking sites - very significant with the next generation.

The name Last.FM is a little creepy seeing as how a traditional media company is buying it. Maybe Next.FM would be a better name.

As RAIN Publisher Kurt Hanson told his readers yesterday, "Whereas Pandora operates by creating playlists based on songs' musical characteristics (tone, tempo,&hellip