Moonves: CBS wants retrans cash: 'we're tired of not getting paid properly,' Viacom co-COO tells his shareholders.(Leslie Moonves )
Multichannel News, June, 2005 by Farrell, Mike
Viacom Inc. co-chief operating officer Leslie Moonves said once again last week the CBS Television Network would seek cash for carriage in future, especially if the planned split of Viacom's cable and broadcast networks goes ahead as planned. Viacom's proposed split of the company into two units--one headed by co-chief operating officer Tom Freston and including its growth assets (cable channels and the Paramount Pictures movie studio) and one headed by Moonves and including its more stable properties (CBS, Showtime, Infinity Radio and Infinity Outdoor) in March.
At its May 26 annual meeting, Viacom chairman Sumner Redstone said the company's board of directors would decide whether to go through with the separation by the end of June. READY WITH...
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