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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OF 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
JANUARY 24, 2001
CNET NETWORKS, INC.
(Exact Name of Registrant as Specified in Charter)
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DELAWARE 0-20939 13-3696170
(State or Other (Commission File (I.R.S. Employer
Jurisdiction Number) Identification No.)
of Incorporation)
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150 CHESTNUT STREET,
SAN FRANCISCO, CALIFORNIA 94111
(Address of Principal Executive Offices) (Zip Code)
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Registrant's Telephone Number, Including Area Code:
(415) 395-7800
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ITEM 5. OTHER ITEMS.
The following information is filed as part of this Form 8-K.
As previously disclosed by the company, on August 31, 2000, a jury in an
Indianapolis federal district court ruled that mySimon, inc., a subsidiary of
the company, infringed the trademark of Simon Property Group and awarded $16.8
million in compensatory damages and $10 million in punitive damages. On January
24, 2001, a federal district court judge in Indianapolis reduced the
compensatory damages award to $10 and reduced the punitive damages award to
$50,000.
Simon Property Group has 21 days to determine whether it will accept the reduced
damages award in exchange for immediate entry of judgment on the trademark
infringement claim or seek a new trial on the amount of corrective advertising
damages to which it may be entitled. If Simon Property Group seeks a new trial
on that issue, the amount of punitive damages will not be known until that trial
is completed.
The judge's order also provided that if the jury's verdict of trademark
infringement is upheld on appeal, mySimon will be required to change its name
and website. However, the judge stayed such name change pending the completion
of the appeal process. If the jury's verdict of infringement is upheld on
appeal, mySimon will have 60 days to change its name and will be entitled to
redirect traffic from www.mysimon.com to its new website for one year following
the name change.
A press release issued by mySimon on January 25, 2001 is filed as Exhibit 99.1
and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
The exhibits listed below and in the accompanying Exhibit Index are
filed as part of this Current Report on Form 8-K.
EXHIBIT NO. TITLE
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99.1 Press Release dated January 25, 2001
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: January 23, 2001
CNET NETWORKS, INC.
By: /s/ Sharon Le Duy
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Name: Sharon Le Duy
Title: Senior Vice President and
General Counsel
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INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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99.1 Press Release dated January 25, 2001