Media Cos Convergence

Over the last few days, several mergers and acquisitions took place. HP buying EDS was the hot news.

But more interesting than that are the mergers happening in the internet media world, which IMHO is a pointer that the industry needs consolidation big time.

CBS bought CNET Networks, Condé Nast bought Ars Technica, Vodafone bought a Social Networking Startup – ZYB.

Particularly interesting is the Condé Nast deal. With the latest one, they have three of the most popular and high-traffic websites of the tech world – Wired, Reddit and Ars Technica.

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