Business Services Industry
Daily News, New York, Media Column.
Knight Ridder/Tribune Business News, February, 2001
By Phyllis Furman, Daily News, New York Knight Ridder/Tribune Business News
Feb. 28--NBC -- whose $30 million investment in the XFL is turning into a mega-disaster -- made a huge mistake passing on the NFL, said Leslie Moonves, CEO of rival CBS, home of pro football telecasts.
"NBC's assuming they would lose money on the NFL was inaccurate," Moonves said yesterday at a conference co-sponsored by Variety and Credit Suisse First Boston. "I think if you asked NBC, 'Do you wish you did it differently,' I don't think there's a man there who wouldn't say that."
Moonves, who was crowing about CBS' February ratings victory, also noted the declining ratings for NBC's NBA games. "It's not a good time to have it," Moonves said. "After the Michael...
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