Moonves: CBS Radio Performance Will Improve In 2007
September 12, 2006 at 1:02 PM (PT)
CBS CORP. CEO/Chairman LES MOONVES spoke to investors at the MERRILL LYNCH Media and Entertainment Conference this morning and didn't talk about the upheaval which saw sister VIACOM CEO TOM FRESTON ousted last week. MOONVES, who is the subject of a profile about his rising profile at SUMNER REDSTONE's operations in TODAY's NEW YORK TIMES, spoke for slightly over a half hour answering investors' questions and said that he expects the company's radio performance to improve in 2007 and that the division's fundamentals are "solid."
Hear the webcast of MOONVES' talk by clicking here.