CNET Calls JANA’s Proposal ‘Improper’

CNet Networks responded to hedge fund JANA Partners’ aggressive proposal to takeover the company upon acquiring a majority of shares in the company. CNet called JANA’s proposal "improper" and indicated that a takeover would not add value for stockholders.JANA Partners issued an announcement this morning and filed with the Securities and Exchange Commission its intent to submit proposals to amend CNet’s bylaws in order to increase the size of the board of directors from eight to thirteen. The move came after JANA acquired 21 percent, or a majority stake, in the company.

Email Marketing Spending To Hit $2.1 Billion

Email marketing spending will grow from $1.2 billion in 2007 to $2.1 billion in 2012 according to a new JupiterResearch report, "US E-mail Marketing Forecast, 2007 to 2012."Spending on retention email will more than double during that period and account for over half of total email marketing spending in 2012. Acquisition email marketing will grow more slowly, with most spending in that category going toward sponsorship (for example ad supported newsletters).

Yahoo Unveils Mobile Developer Platform

OK, forget what we said about 2007 being the year for mobile content. 2008 is where the mobile action is at! Hot on the heels of Google’s Android initiative, Yahoo is announcing its own developer platform. The Yahoo! Mobile Developer Platform will provide tools for developers to code and launch mobile widgets for a wide range of cell phones. Here are the details from Yahoo:

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