Some breaking news just in from the wire. CBS has purchased Last.fm for $280 million in cash. With more than 15 million active users, myself included, Last.fm is well worth the money with all the rich features it offers. CBS has said it plans on turning the site from a content-based site to an audience-based one. What that exactly means is beyond me, so I suppose in time we’ll see CBS’ scheme for things.

Last.fm will keep the team currently working for the company, ensuring that quality features and products will continue to be rolled out. The site also recently signed a deal with Warner Music and EMI to offer tracks for playback, though that feature needs an improvement or three. A big congrats to Last.fm and I hope this is just the beginning of a lot of great things to come.

CBS buys online music network Last.fm [Yahoo! News]