SportsLine up for sale?

By Jim Hu
Staff Writer, CNET News

SportsLine.com on Thursday said it has hired an investment bank Perseus Group to explore "strategic alternatives" that could lead to the sale of its business. The company has been losing money and owes payments to CBS parent company Viacom, which runs a co-branded site with the company.

"The board of directors believes that SportsLine's recent share price is not reflective of the company's true value, relative to our operating performance and others in our peer group," Michael Levy, chairman and CEO of SportsLine, said in a statement. "We believe that Perseus Group will provide valuable assistance in evaluating strategic alternatives in a variety of areas, including our future Viacom commitments."

Latest tech news headlines

Dell brings Chrome OS to its Netbook
Posted in Deep Tech by Stephen Shankland

November 30, 2009 1:03 PM PST
The browser battles go on and on
Posted in News - Digital Media by CNET News staff

November 30, 2009 1:03 PM PST
Cyber Monday bargain hunters out earlier
Posted in Circuit Breaker by Erica Ogg

November 30, 2009 12:58 PM PST
See all headlines

RSS Feeds

Add headlines from CNET News to your homepage or feedreader.

More feeds available in our RSS feed index.

Markets: Market news, charts, SEC filings, and more; Related quotes; SPORTSLINE.COM INC (0.00%) 0.00 0.45; Viacom (-0.95%) -0.30 31.32; Dow Jones Industrials (0.34%) 34.92 10,344.84; S&P 500 (0.38%) 4.14 1,095.63; NASDAQ (0.29%) 6.16 2,144.60; CNET TECH (0.29%) 4.55 1,574.88

Inside CNET News

Scroll Left Scroll Right

Cutting Edge
Inside CERN with a collider scientist
Crave UK chats with a particle physicist directly involved in the Large Hadron Collider experiments to get a sense of what it's like to work in a geek heaven.
Gallery
App Store collector's items: 10 rarities (images)
Crave
What if: Apple Newton vs. Apple iPhone
We've taken the reigning champion of mobile devices, the Apple Newton Messagepad, out of retirement to put it up against a brand-new contender, its very own grandchild, the iPhone 3GS.
Beyond Binary
Windows 8 in 2012?
It's not clear what Microsoft's desktop plans are, but the Windows Server team included slides at PDC suggesting a new major release coming around 2012.
Video
Google Chrome OS demonstration
Digital Media
The browser battles go on and on
roundup From Firefox to IE and from Chrome to Opera and Safari, there's no sitting still for browser makers looking to keep their products fresh and competitive.
Video
Google Chrome OS unveiling
Politics and Law
eBay fined $2.5 million in French perfume case
Company criticizes $2.5 million fine levied against it by a French court for failing to stop sales of LVMH perfumes. Court says eBay violated a 2008 order to remove all such listings.
Cutting Edge
CERN's collider sets proton speed record
The recently restarted Large Hadron Collider has become the world's most powerful particle accelerator, after setting a new record for beam intensity.
Gallery
Noisebridge hacker collective (photos)
Dialed In
Project with the powerful LG Expo
The LG Expo has a 1Ghz processor and it supports an optional pico projector.
Los Angeles Auto Show
Microturbine-powered hybrid supercar to debut in Los Angeles
Microturbine maker Capstone launches a hybrid sports car at the Los Angeles Auto Show to demonstrate its technology.