CBS Corporation Successfully Completes the Initial Offering Period of its Tender Offer and Will Acquire Control of CNET Networks, Inc.; Announces Subsequent Offering Period and Fisher Communications Acknowledges Receipt of Unsolicited Indication of Interest from Financial Sponsor in April 2008

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City of Industry, CA --(www.USEquityNews.com)-- 06/23/2008 - Broadcasting industry alert provided by U.S. Equity News. CBS Corporation (NYSE: CBS) announced today that it has successfully completed the initial offering period of its tender offer for all outstanding shares of common stock of CNET Networks, Inc. Approximately 78% of the outstanding shares of common stock of CNET have been tendered, which will make CNET a majority owned subsidiary of CBS Corporation. The initial offering period and withdrawal rights expired at 12:00 midnight, ET, on Friday, June 20, 2008, with a total of approximately 119.2 million shares of CNET common stock being validly tendered and not withdrawn (including approximately 10.8 million shares subject to guarantees of delivery), representing approximately 78% of all outstanding shares.


Rentrak Theatrical, a business unit of Rentrak Corporation (NASDAQ: RENT), today announced the weekend theatrical box office estimates for the weekend period of June 20 through June 22, 2008 according to the company's Box Office Essentials(TM) theatrical box office data collection and analytical service. Box Office Essentials provides each studio with password-protected, real-time, web browser-based and 24/7 access to data pertaining specifically to their movie release titles. A sophisticated toolset allows studio distribution executives to view and analyze the information at different levels of detail and across a multitude of attributes (by theatre circuit, DMA, time zone, etc.), enhancing their ability to make faster, and better informed decisions.

Fisher Communications (NASDAQ: FSCI) today acknowledged that in April 2008, its Board of Directors received an unsolicited indication of interest from a financial sponsor to acquire all of the outstanding common shares of Fisher Communications at a price between $43.00 and $45.00 per share in cash. Consistent with its fiduciary duties, and in consultation with outside financial and legal advisors, the Board of Directors unanimously concluded that the unsolicited expression was not in the best interests of shareholders. Fisher Communications, Inc. is a Seattle-based communications company that owns and operates 13 full power television stations (including a 50%-owned television station), eight low power television stations and eight radio stations in the Western United States.

247MGI, Inc. (OTC: TOFS) ("247MGI") is pleased to announce that a substantial shareholder of the Company has agreed to send back to the Company 40 million shares of common stock to be canceled for Preferred shares in the Company. 247MGI has been working on this transaction for awhile and expects the certificates back in its possession within the next couple of weeks. When the 340 million share of common stock are canceled the number of outstanding shares will be 59 million, a big enough reduction for the Company to move forward with its planned reduction of the Authorized shares to 90 million. 247MGI is placing a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home!

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