Les Moonves: 'Trimming' Medium-Market Radio Stations 'A Good Idea For Us'
March 11, 2015 at 8:22 AM (PT)
Speaking to the DEUTSCHE BANK SECURITIES 2015 MEDIA, INTERNET & TELECOM CONFERENCE TODAY (3/11), CBS CEO LES MOONVES again indicated that the company is interested in dealing away its medium-market radio properties.
VARIETY reports that MOONVES said of selling off the smaller stations in the company's portfolio, "Trimming some of that would be a good idea for us." The comment came during a 45-minute session that touched on topics like the possibility of SHOWTIME joining HBO in offering a streaming subscription version for the over-the-top market (he admitted to discussions with "the usual suspects"), the growth of CBS' "All Access" subscription service, the TV spectrum auction (saying that the company will consider participating with the licenses of the CW and independent stations it owns), and the benefits of owning its own late-night TV shows as STEPHEN COLBERT and JAMES CORDEN replace DAVID LETTERMAN and CRAIG FERGUSON, whose shows were produced by LETTERMAN's WORLDWIDE PANTS.