By Pete Gallo
To hear CNet Networks chief Neil Ashe talk about activist
investor JANA Partners and its plans to appoint members to its
board, one might think Ashe was describing an attempted predawn
military-led coup in some South American country during the
Cold War. And Ashe, as head of a media company, has done plenty
of talking publicly about his strong distaste for a takeover of
his company's board by JANA and a consortium of funds that own
a combined 21 million shares CNet, about 15.5% of the
JANA owns 16.6 million shares, Sandell Asset Management owns
3.5 million shares while allied funds Spark Management,
Velocity Management and Alex Interactive Media own a combined
sum of just under one million.
Ashe claims he found out about the planned shareholder coup
in the middle of delivering a speech on January 8 at a...