clipped from: www.lostremote.com Don Day September 6th, 2008
CBS Corporation CEO Leslie Moonves appeared on CNBC Friday to talk about the company’s direction and future (video link). CBS doesn’t have a lot in the way of cable networks, with Showtime being its lone outlet (its former cable cousins split off into Viacom about two years ago). Moonves says he doesn’t need a big bundle of cable channels like NBCU has - instead he thinks the Internet is the way to go. He notes that CBS is now the 8th largest Internet company in the world, and says the CNET deal will be a big boon to his company, and there will be tight integration with CBS Interactive.