Ever wondered what it looks like or reads like for a company to be slapped upside its head? Well, wonder no more and wince at the beating handed out to Napster by CNNMoney.com. No business model – whack, subscriber churn – whack, poor trading figures – whack, and, doesn’t run on Apple’s iPod – whack and that one stings.

CNN reckons that time is running out fast and that it could be a fire sale rather than a bidding war.