JANA throws in the towel

June 19, 2008 on 9:02 am | In work | No Comments

CNET Networks Inc shareholder Jana Partners LLC on Thursday said it dropped its effort to win control of CNET’s board in light of CBS Corp’s plan to buy the Internet media company.

And good riddance. Paul Gardi can take his profits on his 129,199 CNET shares, two installments of his $25,000 per quarter consulting fee, and go find a real job.

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