CBS Cuts Six People From Yet-To-Launch Music Site; More Layoffs To Come?

imageCBS Interactive (NYSE: CBS), the digital arm of CBS which incorporates *CNET* now, is laying off six editorial employees for a planned music site called Juke, which never launched (news was first reported by Idolator). The site was in works before CBS bought CNET Networks, and as the integration happened, CBS decided to focus its efforts on building its service, which has had its own share of integration missteps. Among the editorial employees let go was former Blender editor Craig Marks. Meanwhile, does anyone remember that CNET/CBS also owns, which it bought in 2003?

Speaking of these side projects, what’s happening with the initial idea of disposing off more non-core products within CNET’s portfolio? Before it got acquired and in the middle of its board proxy fight with Jana Partners, CNET sold off its Webshots photo sharing site to *American Greetings* and promised to sell more. At that time I speculated MySimon and, among others, would be on that list.

Also, CBS is probably considering additional layoffs, I would imagine, and I wouldn’t be surprised if a major portion of them come from the editorial side, including, CNET’s tech reviews, TechRepublic and others. Again, no inside knowledge yet, but just connecting the dots based on market realities, post-integration. For the Q308 earnings, CBS Interactive (which includes CNET) revs ballooned to $140.7 million from $35.9 million for the same quarter last year…and yes, even though it is a bright spot for the company, the relative reality is a lot more grim…

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