CBS' Moonves Reiterates Possibility Company Could Sell Some Radio Assets
March 1, 2016 at 4:12 AM (PT)
CBS CORP. Exec. Chairman/CEO LESLIE MOONVES reiterated to the MORGAN STANLEY Technology, Media & Telecom Conference in SAN FRANCISCO MONDAY (2/29) that CBS could sell radio stations, because radio is a slow-growth industry, reports THE HOLLYWOOD REPORTER. MOONVES has raised the idea of "trimming" radio assets for several years, and the comments were in line with previous presentations.
MOONVES did note that the political "circus" generated by DONALD TRUMP's candidacy has been good for CBS TV and radio, noting that "the money's rolling in, and this is fun ... this is going to be a very good year for us. Sorry, it's a terrible thing to say. But, bring it on, DONALD. Keep going."
Overall ad sales have been strong, MOONVES added, noting that CBS programming is strong enough -- "you cannot live without CBS" -- that cord-cutting has not had the same impact on CBS as it has on other networks. And he said he is hopeful that NFL games will be available through CBS' "All Access" subscription streaming service by this season.