Deals
CBS Digital Revenue to Reach $1 Billion, Moonves Says
This article is for subscribers only.
CBS Corp. will reach $1 billion in Internet sales by 2011 as the purchase of Cnet Networks Inc. almost triples the size of its online business, Chief Executive Officer Leslie Moonves said.
Cnet is on course to meet its 2008 revenue target of $440 million to $460 million, Moonves said today in an interview. CBS previously forecast Internet sales of as much as $250 million this year, excluding the contribution from Cnet, he said.