CBS Snatches Up Wallstrip Videoblog

Wallstrip, a daily Web videoblog barely nine months old, was bought by CBS, reportedly for a couple million dollars. It's not a lot of money, but it does show that the Web is becoming a proving ground for talent. Only $600,000 was put into it, including a stake by VC Fred Wilson. So that's not a bad return. CBS has acquired the online show, and signed producers Jeff Marks and Adam Elend to a two-year deal to executive produce online content for the network on the web, as well as star Lindsay Campbell to continue to host the show. This deal was another Quincy Smith production.