Music site Last.fm bought by CBS Last.fm logo Last.fm connects users who share the same music tastes Social music site Last.fm has been bought by US media giant CBS Corporation for $280m (Â£140m), the largest-ever UK Web 2.0 acquisition.
This REALLY sucks. I think we all know that CBS will effectively destroy Last.fm. There is very little doubt that Last.fm won’t make enough money for CBS in its current form and therefore will undergo major changes that will promptly destroy the thriving community that has flourished there.
What a sad day. I guess it’s time to start looking for a new company/site similar to Last.fm because it’s only a matter of time before CBS destroys it.
Update: For whatever it’s worth, here is the letter I just sent to several people at CBS:
To Whom It Concerns,
On behalf of the millions of users of Last.FM, we beg you, please do not destroy the website and community we have all come to love. If you make significant changes to the currently thriving community you will see millions of your newly acquired customers/users leave in a mass exodus. This is coming from a long time dedicated Last.fm user, please do not destroy the site we have come to love.