A group of activist investors isallowed to nominate seven directors to the board of CNET Networks – one of theoriginal online media companies – a
The ruling by Chandler in
In response to the court ruling,CNET Networks issued the following statement:
“CNET Networks and its directorsand executive officers may be deemed to be participants in the solicitation ofproxies from the stockholders of CNET Networks in connection with the upcomingannual meeting of stockholders. Information regarding the special interests ofthese directors and executive officers in connection with the matters to bevoted on at the annual meeting will be included in the proxy statement filed byCNET Networks in connection with the annual meeting.
“In addition, CNET Networksfiles annual, quarterly and special reports, proxy and information statements,and other information with the Securities and Exchange Commission (the “SEC”).These documents are available free of charge at the SEC’s web site at or fromCNET Networks. Stockholders are urged to read the proxystatement carefully when it is available, as it will contain important informationthat stockholders should consider before making any voting or investmentdecision.”