In another micro-move in the fight between activist shareholders and CNET, the Delaware Supreme Court given the thumbs up to a lower court ruling that the Jana Partners group can nominate a slate of directors to the board of San Francisco-based tech news and reviews site.

CNET has been fighting these efforts by Jana–along with Sandell Asset Management, Alex Interactive Media, Spark Capital and Velocity Interactive Group–to nominate two director and expand the board and add more of their own nominees–claiming it was contrary to its bylaw.

Apparently not!

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After dissident shareholders, led by Jana Partners, landed one right in the kisser to the board and management of CNET Networks yesterday–releasing a 38-page report that essentially called the company’s leadership incompetent, the tech news and review site gave the literary effort a kiss-off of its own.
First, rather politely, CNET said that Jana’s proposed strategies, [...]

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Unfortunately, for CNET (CNET) Networks, it’s not an April Fool’s joke, but more lump of coal to the tech news and review site’s management and board.
Today, a group of very obviously stubborn activist investors, who have been seeking to gain CNET board seats and make other major changes at the company to boost its moribund [...]

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While BoomTown has not paid enough attention to the ongoing, well, debacle at CNET, its announcement that it was conducting layoffs and also making a variety of changes was a major moment for the company.
Using the term “workforce realignment,” an ominous-sounding phrase that calls to mind how job shifts were once made in the [...]

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