Interesting news from Reuters that several investment funds have banded together to try to take control of the Board of Directors of CNET. According to the article the raiders own 21 percent of the common stock.

I had suggested a few weeks ago that Yahoo should buy CNET in a friendly deal.

CNET is now in play. Present management is a rocky position. CNET is run by former investment bankers. My experience over the years has shown me that investment bankers do not make good media executives. The investment group seeking CNET includes former top Ask.com executive Paul Gardi. I have no doubt that should the group be successful in taking over the Board, that the plan is to make Gardi CEO.

This will be a good one to watch.