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MOONVES OVER THE MOON ABOUT CBS'S STOCK PRICE Tuesday, September 12 2006 
CBS
Chairman
Les
Moonves
says
that
he
watches
CBS's
stock
price
about
as
intently
as
he
does
its
ratings.
"But
there
is
a
difference,"
he
told
today's
(Tuesday)
New
York
Times.
"It
is
overnights
every
10
minutes.
I
look
a
few
times
a
day.
An
analyst
said
you
should
look
at
it
once
a
week.
That
is
like
saying:
'Don't
look
at
your
ratings.'"
Since
Viacom
chief
Sumner
Redstone
split
the
company
in
two
earlier
this
year,
(more)MOONVES GOES TO THE MOVIES Friday, August 4 2006 CBS Chairman Les Moonves touted his company's entry into the movie business Thursday, telling analysts that the broadcaster would be able to make films budgeted at $10-50 million "risk free." In a conference call to discuss CBS's quarterly earnings report, Moonves emphasized, "I'm talking about zero risk" and said that under his plan the films would be profitable "before a dollar is achieved in box office." He suggested that profitability could be guaranteed by DVD (more) |
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CBS Corp. Chairman Les Moonves said Tuesday that Sumner Redstone did not consult him about his decision to fire his counterpart at Viacom, Tom Freston. At a Beverly Hills luncheon hosted by the Hollywood Radio & TV Society, Moonves said that he received a phone call from Redstone while he was attending the U.S. Open tennis tournament telling him that he was replacing Freston with Phillipe Dauman and Tom Dooley. Asked why he believed Redstone had taken the action, Moonves replied, "I don't want to talk a lot about Viacom because I don't want to get myself into trouble."
