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
Recent Posts
- The Spot Overload Crisis
- Total Traffic, USTN Confrontation
- How Lew Dickey Will Buy Back Cumulus
- Entercom's $110 Million in Merger Cutbacks
- Millions in Vanishing Revenue at Cumulus
- Connoisseur's Play for Cumulus
- Urban One’s Financial Condition
- iHeart & Cumulus Revelations
- Jeff Warshaw & Cumulus
- SiriusXM Changes