I am not a music fan. My iPod only has PodCasts on it. When in our second car (without the iPod adapter), I listen to talk radio. I quickly try to avoid all of Fred Wilson’s music posts. Therefore, I’m not the person to comment on the best experience between Last.fm, Pandora and the other music recommendation systems.
However, Last.fm has built an audience of 15 million people and today was rewarded with an $280 million acquisition from CBS.
The most interesting thing from the LA Times article (which I believe broke the story) was the way they positioned CBS’s strategy:
The purchase is emblematic of the sharp change in direction at CBS, which owns the oldest U.S. broadcast television network and one of the country’s largest radio networks.
Instead of focusing solely on creating programming, the long-staid company now sees its mission as reaching the broadest possible audience in any medium, including the Internet and cellphones.
I think it’s a great validation of the recommendation / personalization space that the one of the first acquisitions by CBS toward this new mission (after last week’s WallStrip) was in this space. Maybe Quincy Smith won’t let Google have all the fun!