It seems there is no stopping TV network CBS from its Web 2.0 shopping spree. PaidContent.org reports it has acquired Dotspotter.com, a 10-month old celebrity blog, for a hefty sum of $10 million. According to Rafat Ali:
The price seems pretty high for a sector which is saturated with more high profile celebrity blogs/sites like TMZ.com, PerezHilton, and others…and, of course, the fact that the site was only launched mid-January this year. But one source close to the situation told us the price is not for the site itself, but the team that has built it…that may also mean there’s a heavy earn-out component, possibly. Would be interesting to see if the site lasts as a standalone brand.