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ViacomCBS sells CNET Media Group to Red Ventures for $500 million

Sep 14, 2020 - Axios.com
Mergers and Acquisitions

ViacomCBS has sold its consumer technology digital media arm CNET Media Group for $500 million to Red Ventures, a digital media conglomerate, Red Ventures announced Monday .

Why it matters: It's the latest example of a media behemoth shedding smaller assets to focus on streaming and offloading debt.

Details: The acquisition includes all of the brands within the CNET Media Group, including CNET, the 25-year-old consumer technology website, technology business site ZDNet, and GameSto...