$280 Million for Last.fm?
May 30th, 2007, 2 Comments »
Via Johnny, I just read about CBS acquiring Last.fm for 280 million simoleons:
CBS radio is the largest radio group in the United States, with 179 stations in the top 50 markets covering news, rock, country and urban music.
The firm’s president and CEO Leslie Moonves said: “Last.fm is one of the fastest growing online communities out there.”
He said Last.fm’s strength in building communities around music and syndicating content was “central to CBS”.
That’s over 18 bucks a user. Is that a lot or a little? I’d pay more attention to the details of these acquisition deals, but they don’t interest me on more than a wow-that’s-a-lot-of-cash level.
I joined Last.fm through the plug-in software with the more exotic name AudioScrobbler. Aside from exposing my shameful taste in music to the world, I didn’t really see much point. The same goes for Last.fm–it hasn’t proved particular sticky for me. I have, on rare occasions, tried to discover new music through Last.fm, but I’ve found Pandora to be more reliable.
I just visited Pandora, and see that I can’t use it because “we believe that you are in Malta”, and they’re only licensed for Americans.