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Now that’s one out of three rumored deals, but it does seem like a good start. CBS has indeed snapped up WallStrip, the iconic money show for single digit millions, reports Liz Gannes on NewTeeVee. Wallstrip star Lindsay Campbell, producers Adam Elend and Jeff Marks are now full-time employees of CBS, while founder Howard Lindzon, an investor by day, will continue to play a consulting role. (Read his side of the story.)

Both CBS and Wallstrip confirmed the deal, which was rumored last week, had been completed on Monday, though they said the reported price of $5 million was not correct…Wallstrip had raised $600,000 from a group of angel investors including venture capitalists Fred Wilson and Brad Feld, but still had much of that money in the bank, according to Lindzon. He said Campbell, Elend, and Marks all had equity stakes in the company.

Ironically, in our poll only 12% of 322 votes believed that CBS-Wallstrip deal was going to get done. In comparison, 41% think Google-Feedburner deal is going to get done. Nevertheless, the Wallstrip deal does put a price tag on these “talent” oriented buyouts.

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New York-based media giants are suddenly getting jiggy with the new new Media. CBS announced its mega-digital media strategy, which means Quincy Smith, the CBS Interactive head-honcho is finally putting a PowerPoint presentation he showed me last year to good use. You all know about the NewNoNameCo, and Viacom’s latest efforts.

Final proof that what started out as a little wave on the West Coast has hit the eastern media establishment: Rolling Stone magazine, once a favorite and must read for all music and pop-culture nuts is going to establish a social network. (If this means their uglier than pooch’s-rear-end site is going to get a facelift, I am all for it.)

Blanchard plans to launch a separate site that will be a social network for music fans, complete with profiles and the ability to have a say in their “Best of” lists. Blanchard called it the “American Idol version of lists.” Let’s hope Sanjaya doesn’t make it on any of those.

Err … have they checked out MOG lately? Rolling Stone clearly has its work cut out: the college crowd doesn’t care much for the brand, though formerly cool but rapidly aging hipsters still read the magazine, in a blatant attempt to capture their lost youth. (Okay, I am just speaking for myself.)

The challenges faced by Rolling Stone in the post-MySpace era are pointed out by NYU student journalist Andrea Feczko in this post.

Although college students are RS’s “target audience,” I’m under the impression that people 30 and above are the ones who actually read the mag. Did any of us really watch the MTV-RS reality show? No. Oh, and to clear the record, as a student journalist, I am NOT drunk writing this post.

Such sassiness… Andrea is going to be a great blogger.

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