X0202 4 2008-01-08 0 0001015577 CNET NETWORKS INC CNET 0001140474 SANDELL ASSET MANAGEMENT CORP 40 WEST 57TH STREET 26TH FLOOR NEW YORK NY 10019 0 0 0 1 13D Grp. Mem own more than 10% Common Stock 2008-01-08 4 P 0 750000 8.44 A 1450000 D Common Stock 2008-01-08 4 X 0 649200 8.38 D 800800 D Common Stock 2008-01-08 4 X 0 649200 8.38 A 1450000 D Common Stock 2008-01-08 4 X 0 100800 8.38 D 1349200 D Common Stock 2008-01-08 4 X 0 100800 8.38 A 1450000 D Common Stock 2008-01-09 4 P 0 750000 8.23 A 2200000 D Common Stock 2008-01-09 4 O 0 493200 8.17 D 1706800 D Common Stock 2008-01-09 4 O 0 493200 8.17 A 2200000 D Common Stock 2008-01-09 4 O 0 256800 8.17 D 1943200 D Common Stock 2008-01-09 4 O 0 256800 8.17 A 2200000 D Common Stock 2008-01-10 4 P 0 470000 8.49 A 2670000 D Common Stock 2008-01-10 4 O 0 373300 8.39 D 2296700 D Common Stock 2008-01-10 4 O 0 373300 8.39 A 2670000 D Equity Swap (Obligation to Buy) 8.06 2008-01-08 4 X 0 1 D 2007-12-20 2009-01-26 Common Stock 649200 0 D Equity Swap (Obligation to Buy) 8.36 2008-01-08 4 X 0 1 D 2007-12-21 2009-01-27 Common Stock 100800 493200 D Equity Swap (Obligation to Buy) 8.38 2008-01-09 4 O 0 1 D 2007-12-21 2009-01-27 Common Stock 493200 0 D Equity Swap (Obligation to Buy) 8.58 2008-01-09 4 O 0 1 D 2007-12-24 2009-01-28 Common Stock 256800 416500 D Equity Swap (Obligation to Buy) 8.58 2008-01-10 4 O 0 1 D 2007-12-24 2009-01-28 Common Stock 373300 43200 D Sandell Asset Management Corp., a Cayman Islands Corp. ("SAMC"), beneficially owns the securities reported herein through Castlerigg Master Investments Ltd., a British Virgin Islands company ("Castlerigg Master Investments"). SAMC is the investment manager of Castlerigg Master Investments. Thomas Sandell is the controlling person of SAMC and may be deemed to share beneficial ownership of the shares beneficially owned by Castlerigg Master Investments and SAMC. Castlerigg International Ltd., a British Virgin Islands company ("Castlerigg International"), is the controlling shareholder of Castlerigg International Holdings Limited, a British Virgin Islands company ("Holdings"). Holdings is the controlling shareholder of Castlerigg Master Investments. Each of Holdings and Castlerigg International may be deemed to share beneficial ownership of the shares beneficially owned by Castlerigg Master Investments. SAMC, Mr. Sandell, Holdings, Castlerigg International and Castlerigg Master Investments each disclaims beneficial ownership of the securities reported herein except to the extent of its or his respective pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. On January 8, 2008, upon the settlement of an equity swap entered into by and between the Reporting Person and a securities broker, the Reporting Person received $8.38 per share for each of the 649,200 shares subject to the swap, offset by $8.06 per share owed by the Reporting Person to the broker, representing the base price per share (of stock subject to the swap). The termination of the equity swap is deemed exempt from Section 16(b) of the Securities and Exchange Act of 1934 pursuant to Rule 16b-6(b) thereunder. On January 8, 2008, upon the settlement of an equity swap entered into by and between the Reporting Person and a securities broker, the Reporting Person received $8.38 per share for each of the 100,800 shares subject to the swap, offset by $8.38 per share owed by the Reporting Person to the broker, representing the base price per share (of stock subject to the swap). The termination of the equity swap is deemed exempt from Section 16(b) of the Securities and Exchange Act of 1934 pursuant to Rule 16b-6(b) thereunder. On January 9, 2008, upon the settlement of an equity swap entered into by and between the Reporting Person and a securities broker, the Reporting Person received $8.17 per share for each of the 493,200 shares subject to the swap, offset by $8.38 per share owed by the Reporting Person to the broker, representing the base price per share (of stock subject to the swap). The termination of the equity is deemed exempt from Section 16(b) of the Securities and Exchange Act of 1934 pursuant to Rule 16b-6(b) thereunder. On January 9, 2008, upon the settlement of an equity swap entered into by and between the Reporting Person and a securities broker, the Reporting Person received $8.17 per share for each of the 256,800 shares subject to the swap, offset by $8.58 per share owed by the Reporting Person to the broker, representing the base price per share (of stock subject to the swap). The termination of the equity swap is deemed exempt from Section 16(b) of the Securities and Exchange Act of 1934 pursuant to Rule 16b-6(b) thereunder. On January 10, 2008, upon the settlement of an equity swap entered into by and between the Reporting Person and a securities broker, the Reporting Person received $8.39 per share for each of the 373,300 shares subject to the swap, offset by $8.58 per share owed by the Reporting Person to the broker, representing the base price per share (of stock subject to the swap). The termination of the equity is deemed exempt from Section 16(b) of the Securities and Exchange Act of 1934 pursuant to Rule 16b-6(b) thereunder. /s/ Sandell Asset Management Corp.; by: Thomas E. Sandell as Chief Executive Officer 2008-01-11