Yesterday, MP3.com announced that it has been (partially) acquired by CNET Networks Inc. According to the release: "all content will be deleted from our servers and all previously submitted tapes, CD-ROMs and other media in our possession will be destroyed. We recommend that you make alternative content hosting arrangements as soon as practicable.[sic]"
This may prove to be bad news for the many, many independent and unsigned bands out there who counted on MP3.com to get their music heard. It's not clear what the new services to be provided will be, and whether they will be pay-only or not.