I absolutely love when ingenious yet simple ideas garner mega-millions from big corporations. Today’s news brought another such story: CBS purchased Last.fm, the musical social networking megasite, for a sweet sum of $240 million dollars. Fortunately for everyone who loves the site, Last.fm will retain its autonomy, and the creators argue that being owned by CBS will allow them additional resources to improve the site.

Hopefully, we will see some better results with this transaction than we did with the “sale”:http://en.wikipedia.org/wiki/GameFAQs#CNET_acquisition of the best video game site on the internet, “GameFAQs”:http://www.gamefaqs.com, to “C|Net”:http://www.cnet.com.