Wallstrip founder and blogger Howard Lindzon confirmed late Monday night in a blog post that the finance-themed Web video show had been purchased by CBS. Rumors had begun to circulate about this buy earlier this month.
Specific financial terms haven't been disclosed (though Lindzon notes that $600,000 has been invested in Wallstrip to date), but it appears that host Lindsay Campbell and producers Adam Elend and Jeff Marks will become full employees of CBS.
It was originally reported that CBS News would be the CBS division to acquire Wallstrip, but Lindzon's blog post makes no mention of that. Instead, he says that the deal was pushed through by tech acquisition veteran Quincy Smith, president of the company's new-media division, CBS Interactive.
TechCrunch is reporting that Jossip is reporting (in other words, it's still a rumor) that the web video show Wallstrip has been acquired by CBS News for $5 million.
According to Jossip, which says that an official announcement will likely come from CBS on Monday, "part of the deal involves host Lindsay Campbell being the next Amanda Congdon: frontin' for CBS' web initiatives." Congdon, former host of the video blog Rocketboom, now works as a correspondent for ABC News. If the CBS News acquisition rumor is true, however, it'd be a different scenario; Congdon resigned from her Rocketboom post last year and was later hired by ABC after partaking in several independent endeavors.
CBS News' parent company CBS, meanwhile, has put together its own
- prev
- 1
- next
