CBS Shells Out $10M For Celeb Gossip Site

The Guardian (U.K.)'s Digital Content blog:

CBS appears to have the Web 2.0 blug. First it bought Wall Street video blog Wallstrip in May of this year. Then it bought social music site Last.fm, and now it has bought a 10-month old celebrity gossip blog Dotspotter for a slightly staggering $10 million. PaidContent said:

The price seems pretty high for a sector which is saturated with more high profile celebrity blogs/sites like TMZ.com, PerezHilton, and others...and, of course, the fact that the site was only launched mid-January this year.

Read the whole story: The Guardian (U.K.)'s Digital Content blog