CNET All-Hands: ‘Very Few’ Redundancies; CBS Interactive To Be Folded Into CNET

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As noted this morning, CNET (NSDQ: CNET) is holding an all-hands meeting this afternoon (1:30 ET), a chance for CEO Neil Ashe and CBS (NYSE: CBS) CEO Leslie Moonves to discuss things with employees. Not a CNET employee? It looks like you can follow along here, though who knows if there’ll be anything that hasn’t been covered elsewhere. Unfortunately it seems that link won’t work outside the firewall. If we hear of any news made, we’ll let you know.

Some notes from the call: Courtesy of someone who was able to listen to the call, it sounds as though all of CBS Interactive will basically be rolled into CNET with Neil Ashe running the show reporting to Quincy Smith. Just conjecture, but that could mean Ashe running ops and Smith doing broader strategy (deals etc.). At this point, the deal is expected to close at the end of June, and there are currently transition teams on both sides. “Very few” redundancies are expected.

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would seem more logical for Smith to report to Ashe, since CNET is a far more complex organization, and Smith's big contribution is his M&A;expertise – that's a VP function, not a CEO role. And now that they've done the big acquistion, Smith seems ripe for a demotion. Or maybe not. I guess those are the spoils of being the acquirer.

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