Ziff Davis, a digitally focused publisher built around technology news and information, is adding CNET to a portfolio that already includes Mashable, PCMag and Lifehacker. Media company Red Ventures is said to be getting more than $100 million for CNET, known as an early pioneer among online media outlets. Ziff Davis CEO Vivek Shah, who in 2010 led a buyout of the 100-year-old publishing house he now heads, said the acquisition is part of an expansion plan funded by the company’s $800 million cash on hand at a time when artificial intelligence is boosting the long-term value of content. Continue reading Publisher Ziff Davis Plans to Purchase CNET Tech News Hub

Weeks after CNET drew media attention for quietly publishing stories generated by artificial intelligence, the outlet announced layoffs of several longtime employees yesterday, representing about 10 percent of the public masthead. The move was reportedly made by Red Ventures, the private equity-backed media firm that acquired the tech news outlet three years ago. CNET editor-in-chief Connie Guglielmo will step down and transition to SVP of AI content strategy. The new editor-in-chief will be Adam Auriemma, who previously held the same position at NextAdvisor, also owned by Red Ventures. Continue reading Layoffs Are Under Way at CNET, Editor-in-Chief Steps Down