Comcast To Acquire Plaxo, Add Social Networking To TV

In a move expected to bring social networking to TV viewers, Comcast Corp. has agreed to acquire seminal online social networking platform Plaxo for upwards of $175 million, according to various published reports. The news comes the same day that another television industry giant, CBS Corp., announced a deal to acquire online technology information publisher Cnet for $1.8 billion (see related story in today's edition), and signals a continued push by traditional media companies into the online world. ... Read the whole story