CBS News Eying Wallstrip

Posted on May 14, 2007

Jossip is reporting that the entertaining Wallstrip online video show covering hot peforming stocks is being acquired by CBS News for around $5 million. We mentioned before that Wallstrip host Lindsay Campbell was "on the road towards online video stardom" so it isn't a surprise that she is part of a deal for CBS to acquire Wallstrip.

It has also helped Wallstrip that the market has been in a bullish period over the last couple years. A show focusing on hot stocks may not be quite as fun during a bear market so the timing has been good for them.

TechCrunch reports that the acquisition hasn't been confirmed yet. The $5 million purchase would be a big deal for an online video show. It might help spark a video show gold rush where people launch online video shows covering a wide range of subjects. Of course, this will probably happen (or is already happening) whether or not the CBS-Wallstrip deal fulfills the $5 million rumor started by Jossip.

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