If the investment group backed by the Jana Partners hedge fund has its way, the directors at CNet will be spending their time at CES in Las Vegas looking for new positions. The stock has languished ever since the dot-com crash at the turn of the century, its most recent 52-week high of $9.88 being less than three dollars away from the low for the same period.

Investors who want change at the top have made themselves known over the past couple of weeks. The group has picked up 21 percent of CNet, and made its demands known in late December 2007.

A Reuters report noted CNet's third quarter ended with a net loss of $16.6 million. Forbes noted a downgrade by S&P analyst Scott Kessler, from 'sell' to 'strong sell'.

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