Skip to Content

Free TUAW iPhone app -- try it now!
AOL Tech

Filed under: Audio, News

CBS buys Last.fm for $280 million

last.fmWhile early rumors had Viacom preparing to purchase UK-based internet radio site Last.fm for $450 million, it looks like the CBS corporation has snatched up last.fm for the bargain price of $280 million. (If you're scratching your head, yes, CBS used to be part of Viacom, but the two split up last year).

Last.fm had set itself the (possibly unrealistic) goal of adding every music track every recorded to its library. Having a major media corporation for a parent makes that lofty goal seem a bit more feasible. But perhaps just a bit.

CBS has strong roots in terrestrial radio, with 179 stations in 50 markets across the U.S. While the fate of online radio remains to be seen, there's no doubt online music services are gaining in popularity, so it makes sense that CBS would want to pick up one of the market leaders. Last.fm boasts that it has 15 million listeners each month.

[Thanks Gil Creque!]

Reader Comments (Page 1 of 1)

Featured Time Waster

Graveyard Shift - zombie-busting Time Waster

With Halloween fast approaching, it's a great time to get in some practice defending your territory against zombies. In Graveyard Shift, you take aim at zombies and other creepy-crawlies, blasting them into splatters of cartoony green guts. It's a casual first-person shooter, and it's very easy to get the hang of - use the mouse to aim, click to fire. Graveyard Shift has at least 15 levels, and it might even have some secret stages I haven't unlocked yet. They key to getting good at Graveyard Shift is learning to use ...

View more Time Wasters

Featured Galleries

Defective by Design, London: Protest Pictures
Microsoft Security Essentials
Chromium Pre-Alpha on CrunchBang Linux
Safari 4 Beta
10 Firefox themes that don't suck
IE8 RC1
Download Squad at the Crunchies After-Party
Download Squad at the Crunchies
WordPress 2.7
Cooking Mama: Mama Kills Animals
Windows 7 Hands On
Comodo Internet Security
Android First-look: Amazon.com MP3 Store
Android First-look: Twitroid
Google Reader Android
Android Hands-On
Twine 1.0
Photoshop Express Beta
Mozilla Birthday Cake
Palm stuff
Adobe Lightroom 1.1

 


Follow us on Twitter!

Flickr Pool

www.flickr.com

More Tech Coverage

AOL Radio