Les Moonves


CBS offers Moonves’ $20m severance to anti-harassment groups

CBS Corporation will disburse a pledged $20m to 18 organisations to support eliminating sexual harassment in the workplace – money that is coming out of former CEO and chairman Les Moonves’ severance benefits. The news arrives months after Moonves departed the company amid allegations of sexual misconduct. Moonves, who has served at the company for […]

Frontrunners emerge for top job at CBS

Frontrunners are emerging in the search for a leader at CBS, following the departure of long-time chief exec Les Moonves over sexual harassment allegations. Former Turner Broadcasting chief exec John Martin and former Time Warner boss and CBS board member Richard Parsons are believed to be the top external candidates for the CEO role, according […]

CBS to make below-market bid for Viacom

CBS is set to make an all-stock offer for Viacom that prices the US company below its current market valuation, according to reports. Reuters revealed earlier today that the “unusual” merger move may threaten the negotiation, which would see the two media giants reunite after 13 years. The report states that CBS chief Leslie Moonves […]

Viacom & CBS formally exploring new merger proposal

Viacom and CBS are once again formally dating – with exploratory boards created at both companies to look into a merger. Both companies yesterday released statement confirming they had each formed a special committee of independent directors to “evaluate a potential combination” with the other. Previous attempts at merging the two US media giants, which […]

Ten creditors choose CBS over Murdoch

CBS Corp will be the next owner of Australia’s Network after creditors accepted its offer. Lachlan Murdoch and business partner Bruce Gordon had tabled a rival offer in a bid to derail CBS’s previously agreed deal for Ten, but this has come up short. Unsecured creditors met yesterday to decide what deal to accept, and […]

CBS All Access takes global SVOD route

CBS’s SVOD service, CBS All Access, is headed to the global market. The service will move beyond the US for the first time in the first half of next year by launching in Canada, followed by other markets. The CBS Studios International and CBS Interactive divisions of CBS Corp. are working together on the roll-out. […]

CBS & Imagine enter strategic four-year deal

CBS Corporation and Imagine Television Studios have entered into a four-year co-financing and first-look agreement for scripted and unscripted television and long-form digital programming. The new deal will see Ron Howard’s Imagine partner with CBS to co-produce and co-own programming for the CBS television network, SVOD service CBS All Access and premium cable channel Showtime, […]

CBS rejigs entertainment as Geller exits

US broadcaster CBS has upped Kelly Kahl to president of entertainment and drafted in The CW exec Thom Sherman, with Glenn Geller (pictured) set to exit. Kahl has been upped from senior executive VP of CBS Primetime, a role she has held since 2005. Sherman, who joins from CBS’s part-owned network The CW later this […]

CBS ents chief takes leave after heart attack

CBS Entertainment president Glenn Geller is to take medical leave after suffering a heart attack, US reports say. Geller (pictured) told CBS staff the episode had been “mild” and that he is “on track for a full recover”, but he would not be attending the upfronts next month. CBS Corp. CEO Les Moonves has not […]

CBS chief: Viacom merger ‘must be attractive’

CBS Corp. will only recombine with Viacom “if it looks rights and is structured properly”, according to chairman and CEO Les Moonves. Speaking on an investor call yesterday, Moonves said the currently healthy financial and creative position of CBS meant merging with Viacom, which has the same parent company, “if it is in the best […]

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