CBS buys Last.fm for &#36;280 million cash
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CBS Corp. said Wednesday it is buying Last.fm, a music-focused online social network, for $280 million in cash in a bid to attract younger viewers and listeners across its businesses.
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The U.S. government raised &#36;2.25 billion in an auction of wireless airwaves that ended on Tuesday, with Verizon Wireless and a partner collectively winning 63 licenses with almost &#36;697.4 million in bids.
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Three plays, then subscribe London-based music site Last.fm announced today that it has convinced all four major record labels to let its users listen to their catalogues on demand and for free, worldwide. There's a catch, though - listeners are limited to three plays of a particular song. Last.fm will offer a new subscription package for what it calls "unlimited access".â¦
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Rupert Murdoch's News Corp., moving to regain full control of its majority owned Fox television properties, is offering to buy the remaining publicly held shares of Fox Entertainment Group Inc. for stock valued at about &#36;5.9 billion.
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Verizon Wireless announced yesterday that it plans to buy airwave licenses in 23 markets from NextWave Telecom Inc. for &#36;3 billion in cash, giving the cellular phone giant the ability to carry more calls in some of the nation's largest cities.
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The National Football League on Monday said it will extend broadcast rights for television networks CBS and FOX to air Sunday afternoon football games through 2011 in deals worth a combined &#36;8 billion.
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Japanese communications firm Softbank is to buy the Japanese unit of Cable &amp; Wireless for $132 million (72 million pounds), making it the No
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Fox and CBS have agreed to pay $8 billion for new Sunday afternoon NFL packages, six-year extensions that start when the current deals expire after the 2005 season.
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Last.FM, the free online radio service owned by CBS, will let users listen to any of 3.5 million songs on demand, paid for with advertising. The key limit: each user can only listen to each song 3 times.
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Internet portal Yahoo Inc. said Tuesday that it agreed to buy Web-based digital music and software provider Musicmatch Inc. for &#36;160 million in cash, in a deal which will supplement the offerings of Launch, Yahoo's digital music site.
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Japan's For-Side.com pays $36.5 million for provider of maps, news and other material for mobile devices.
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The league signed a six-year extension of its Sunday afternoon CBS and FOX deals through 2011. The NFL will receive $8 billion in rights fees for the Sunday afternoon packages.
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CBS Corp said on Wednesday it had paid  $280 million in cash for the popular music social network  service Last.fm.
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Empire building Last.fm, the popular music website, is to apply its social recommendation technology to video, as it prepares to do battle with Pandora for the internet radio station market.â¦
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Last.fm, the social music network  owned by CBS Corp , said on Wednesday it is introducing  a free service for fans to listen to their favorite songs  on-demand.
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Broadcaster CBS Corp. is planning on  launching a division called CBS Records, reviving one of the  most famous names in the music business, the Wall Street  Journal reported on its Web site on Friday.
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The second-largest radio company in the U.S. based on station count has agreed to sell the company to a group of investors that includes the broadcasterâs chief executive.