CBS Buys Wallstrip for $5 Million
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Written By Kate Zimmermann | May 14, 2007 | Share This
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CBS is rumored to have purchased the popular videoblog Wallstrip for $5 million. From Jossip,
“The Wall Street web video program featuring Lindsay Campbell trying to make the Nasdaq hilarious – is being snapped up by CBS News, we’re told, for something in the $5 million range.”
$5 Million is a pretty high valuation for a site with “mixed revues, dry topics and patchy scripting” - leaving many dubious of either the veracity of the rumors, or the sanity of CBS. Host Lindsay Campbell, a huge part of Wallstrip’s success, could be the driving factor behind that price tag. As TechCrunch reports,
“The deal is said to be focused on signing Lindsay Campbell. CBS was keen to have Campbell on board and a cast iron contract meant that acquiring WallStrip was the only way they could get to her.”
Likewise, Read/Write Web confirms,
“WallStrip host Lindsay Campbell will become the face of CBS’ web video initiative, not unlike what Amanda Congdon, of Rocketboom fame, does for ABC.”
Wallstrip, CBS, and early investor Fred Wilson (said to have been involved in the deal) have all declined to comment.
Topics: Media Convergence, Search: Video, Social Media |