Music site Last.fm bought by CBS
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Online social music site Last.fm is acquired by US media giant CBS Corporation for $280m (Â£140m).
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CBS Corp.  said on Friday it  will revive its storied CBS Records music label to supply its  television shows with less expensive music and to generate  digital sales.
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Chicago media mavens were thrown for a loop Monday with news that one of the market&#39;s most famous rock radio stations was changing hands.
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Warner Music Group has signed a deal to allow its entire catalog to be played over the fast-growing social networking music service Last.fm, the innovative site that links music fans to new and old hits.
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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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By David Lieberman  NEW YORK -- Some 19 years after CBS sold its recorded music operation to Sony, the TV network company is getting back into the music business -- but with a more contemporary beat.
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Imagine buying a CD at Best Buy (BBY ) only to discover that it won&#39;t work on the CD player you bought at Circuit City (CC ). Absurd as it sounds, this sort of situation is the rule rather than the exception in the world of legally downloaded music.
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CBS whips the long tail Media conglomerate CBS has bought Last.fm, the London-based social music network, for $280m.â¦
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CBS Corp. said on Wednesday it  has purchased Last.fm, the online music service that allows  fans with similar tastes to connect, for $280 million in a bid  to attract young audiences.
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p2pnet.net News:- Elvis may have left the building, but 85% of it now belongs to Robert Sillerman. The founder of SFX Entertainment, now owned by Clear Channel, bought the controlling interest in Elvis Presley
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Music publishers and U.S. commercial  radio station owners said on Monday they had agreed to a new  $1.7 billion deal to cover licensing rights for music played  over radio airwaves or via radio station Web sites.
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Gets content from last-two-to-licence 'big four' recording firms
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By Alex Veiga THE ASSOCIATED PRESS  CBS Corp. has launched a new recorded music label -- reviving the name of long-defunct CBS Records -- through which the company plans to release music and promote artists on its networks' stable of television shows.
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RealNetworks is taking over Yahooâs music subscription service. It hopes that as one of the last paid services standing it will better be able to promote the concept.
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Yahoo! yesterday became the latest big name to make its presence felt in the burgeoning market for online music. The internet portal agreed a $160m (Â£89m) deal to acquire Musicmatch, a San Diego-based firm
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CBS revamps the online music service, turning into what it calls "the world's biggest jukebox." The first three plays are free.
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Media & professional: After last week's CBS buyout, Last.fm's founders are the first British Web 2.0 millionaires, writes Jemima Kiss.