LOS ANGELES (AP) — CBS is buying the online video watching guide Clicker.com and making its co-founder the new president of CBS Interactive.
Jim Lanzone, who is CEO of Clicker, will replace Neil Ashe, who announced a desire to leave the company in December. Ashe has served as president of CBS Interactive since CBS acquired CNET Networks Inc. in June 2008 for $1.8 billion.
Terms of the Clicker purchase were not disclosed.
CBS Interactive includes TV.com, CBS.com, CBSSports.com, CBSNews.com, Gamespot.com and CNET.com.
CBS Corp. says it has grown into a top 10 global Internet property with hundreds of millions of unique visitors from around the world each month.
CBS shares were down 76 cents, or 3.1 percent, at $23.59 in midday trade Friday.
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