02/12/2009 05:12 am ET Updated May 25, 2011 CBS Sets Out To Create Web Video Destination

When the CBS Corporation bought CNet for $1.8 billion last year, it acquired, a Web site that had little to brag about except a valuable domain name. Now CBS is transforming it into a video destination.

One month ago, CBS has redesigned the previously clunky site to showcase the thousands of new and old television episodes that it offers, from "CSI: Crime Scene Investigation" to "Charlie's Angels." And on Monday, the company is expected to announce distribution deals with PBS, Sony, MGM and Endemol that will expand its free advertising-supported online library.

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