STATEMENT OF JANA PARTNERS REGARDING CNET'S "POISON PILL" ADOPTION


NEW YORK,  January 14, 2008 - Following  the adoption of a  stockholders  rights
plan, or "poison pill", by CNET Networks, Inc. (Nasdaq: CNET), JANA Partners LLC
("JANA") Managing Partner Barry Rosenstein issued the following statement:

     "CNET's  adoption of an  increasingly  outdated and unpopular  entrenchment
     mechanism in response to our efforts to create value continues a pattern of
     hiding behind  legalities and  mischaracterizing  our efforts as a takeover
     attempt,  and is  further  proof of the need for  change.  A better  way to
     ensure that  stockholders  get the maximum return on their investment is to
     focus on reversing CNET's chronic  underperformance.  We are confident that
     we have assembled the right team of experienced and talented board nominees
     to do just that,  and we look forward to focusing on creating value for all
     stockholders."

JANA has joined with Sandell Asset Management Corp.  ("Sandell"),  Paul Gardi of
Alex Interactive Media, Spark Capital and Velocity  Interactive Group in seeking
to elect two individuals to replace the board members who are up for re-election
at CNET's 2008  stockholders  meeting and to expand CNET's board by five members
and nominate  individuals to fill those vacancies.  JANA holds approximately 12%
of CNET's  voting stock and  maintains a separate  approximately  5%  non-voting
economic  interest.  In addition,  Sandell now holds an  approximately 2% voting
interest and maintains a separate  approximately 3% non-voting economic interest
in CNET.

Background

JANA Partners LLC is a multi-billion  dollar investment  management firm founded
in 2001 by Barry Rosenstein. JANA has on numerous occasions, alone or with other
shareholders,  challenged  management  to focus on creating  shareholder  value,
including   with  respect  to  Kerr-McGee   Corporation,   Time  Warner,   Titan
International, TD Ameritrade and The Houston Exploration Company.

Alex  Interactive  Media, LLC ("AIM") is a private company focused on leveraging
its domain expertise in digital media and related industries.

Spark  Capital is a venture  capital  fund focused on building  businesses  that
transform the  distribution,  management and  monetization of media and content,
with experience in identifying and actively building market-leading companies in
sectors including infrastructure (Qtera,  RiverDelta,  Aether Systems,  Broadbus
and BigBand), networks (College Sports Television,  TVONE and XCOM) and services
(Akamai and the Platform). Spark Capital has over $600 million under management,
and is based in Boston, Massachusetts.

Velocity  Interactive  Group,  LLC is an investment firm that focuses on digital
media and communications.  Velocity  Interactive Group has offices in Palo Alto,
Los Angeles and New York.





Sandell Asset  Management  Corp.,  is a multi-billion  dollar global  investment
management firm, founded by Thomas E. Sandell,  that focuses on global corporate
events and  restructurings  throughout North America,  Continental  Europe,  the
United Kingdom, Latin America and the Asia-Pacific theatres.  Sandell frequently
will take an "active  involvement"  in  facilitating  financial or  organization
improvements accruing to the benefit of investors.

ALL  STOCKHOLDERS OF CNET ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND
OTHER  DOCUMENTS  RELATED TO THE  SOLICITATION  OF PROXIES BY THE  INVESTORS AND
NOMINEES NAMED ABOVE (THE  "POTENTIAL  PARTICIPANTS")  FROM THE  STOCKHOLDERS OF
CNET FOR USE AT THE 2008 ANNUAL MEETING OF STOCKHOLDERS OF CNET WHEN AND IF THEY
BECOME AVAILABLE  BECAUSE THEY WILL CONTAIN IMPORTANT  INFORMATION.  WHEN AND IF
COMPLETED,  THE DEFINITIVE  PROXY  STATEMENT AND FORM OF PROXY WILL BE MAILED TO
STOCKHOLDERS OF CNET AND WILL, ALONG WITH OTHER RELEVANT DOCUMENTS, BE AVAILABLE
AT NO  CHARGE  ON THE SEC'S WEB SITE AT  HTTP://WWW.SEC.GOV.  IN  ADDITION,  THE
POTENTIAL  PARTICIPANTS  IN THE PROXY  SOLICITATION  WILL PROVIDE  COPIES OF THE
DEFINITIVE PROXY STATEMENT WITHOUT CHARGE UPON REQUEST.  INFORMATION RELATING TO
THE POTENTIAL  PARTICIPANTS  IS CONTAINED IN EXHIBIT 2 TO THE SCHEDULE 14A FILED
BY THE POTENTIAL PARTICIPANTS WITH THE SEC ON JANUARY 14, 2008.

Contacts:

Sard Verbinnen & Co
George Sard 212-687-8080
or
Paul Kranhold or Andrew Cole, 415-618-8750
or
JANA Partners LLC
Charles Penner, 212-692-7696