CBS Begins Lay-offs At CNET, GameSpot

CBS is bringing the ax down on CNET, the media company it purchased in May of this year for $1.8 billion. That means merging newsrooms and lay-offs at entertainment sites like TV.com, MP3.com and Gamespot.

Our Silicon Valley and tech-focused sister site Valleywag is reporting that CBS will be merging CBSnews.com and CNET's News.com. While we're aware of some cuts already hitting GameSpot, we're not yet clear on the extent of those lay-offs.

We'll keep you updated between bouts of blog-crippling depression and wish former GameSpotters the best of luck.

The death of CNET's media-conquering dreams [Valleywag]