FishbowlNY
 
Receive mediabistro.com's Daily FishbowlNY Feed via email


Daily Media Newsfeed Click here to receive mediabistro.com's Daily Media Newsfeed via email.

Friday Jul 27, 2007

Wall Street Digs CBS' Les Moonves and Quincy Smith

241503874_4081276c73.jpgIt's the Les and Quincy show! David Miller of SMH Capital tells CNN/Money that Les Moonves is, "a very good marketer of his own stock." Further, "Leslie Moonves has been extremely effective in promoting the company and its digital initiatives." Moonves deserves some credit considering that CBS consistently outperforms Viacom since the January 2006 split despite the drag of the radio division and being in last place in the evening news. CNN/Money cites CBS Digital as one of the plusses at the Eye network:

"Last November, CBS hired Quincy Smith, an investment banker at influential media mergers and acquisitions firm Allen & Co., to head up the CBS Interactive unit. Since then, CBS has started to scoop up some digital media assets, including financial news site Wallstrip and online radio service Last.fm and created a syndication network for its content that includes many of the Web's most prominent social networking sites."

CBS' Last.fm, purchased for $280 million to stave off the Howard Stern Effect and the rise of Internet radio, is under some fire at present over forcing indie musicians to relinquish royalties.


If Last.fm, with its hipster cachet and nascent social networking possibilities, can weather the storm, it might turn out to be a net-plus to CBS' beleaguered radio division. CBS' Interactive division, and its well-connected president Smith, is doing just fine. According to Mediapost.com:

"CBS has grown from 13 percent reach of unique Internet users to 90 percent, hitting some 134 million unique monthly users. It has struck deals with a number of major video sites — MSN, AOL, Google, YouTube, Veoh, Joost, and cnettv.com, among others. "You can expect to see another 400 more in the fall," says Smith. "All of CBS Interactive's video deals are based on a 90-10 revenue-sharing split, according to executives, where CBS keeps 90 percent of the revenue, giving its Internet partners 10 percent."

Ron Mwangaguhunga



new on mediabistro.com

The Future of Social Media with Chris Anderson

The editor of Wired explains how to create a social network that works.
Watch the video

Email This Post

Fill out the following information and click on the Send button in order to send this post, Wall Street Digs CBS' Les Moonves and Quincy Smith, to a friend.
Friend's name
Friend's email address
Your name
Your email address
Note to your friend (optional, max 200 Characters)

Read more on FishbowlNY >

Interested in advertising on FishbowlNY?

Our Blog Network

TVNewser

PRNewser

GalleyCat

UnBeige

MobileContentToday

MobileMarketingToday

MobileDevicesToday

MobileAppsToday

AgencySpy

FishbowlDC

FishbowlLA

FishbowlNY

FishbowlNY: A blog about New York media

Managing Editor:
Rebecca L. Fox
Co-Editors:
Noah Davis
Glynnis MacNicol
Contributing Editor:
Diane Clehane

  FBNY twitter feed loading...

View twitter directly

Follow FishbowlNY via Twitter

Email:
About
Syndication

Anonymous Tips


Archives

September 2008

August 2008

July 2008

June 2008

more...


Recent

GQ Fetes Jay-Z's Artful Dodger

We Can't Find Any Magazines at WSJ. Launch Party

For Weekend Reading Pleasure

Categories

About

About Us - Modules

Acquisitions

Advertising

Alternative Weeklies

AMC 2006

AMC 2007

Awards

Beijing Olympics

Books

Bottom Feeding

Breaking News

Circulation

Daily Angle

Dissecting NPR

DNC '08

Election '08

Ellies '08

Fashion Week

Fishbowl Initiatives

FishbowlNY Poll

International

Keith Kelly Distilled

Lunch

Magazines

Markets & Media

Media Companies

Media Events

Media Lookbook

Media Minutiae

Media People

Memopad Distilled

Movies

New Media

News

Newspapers

NYT in 90 Seconds

Obituaries

Parties

Pop Culture

Radio

RNC '08

Scandals

Scholarly Pursuits

Strike Watch

SXSWi '08

The Crystal Ball

The Revolving Door

The State of Journalism

Time 100

TV

Video

Links

AdAge

Beet.tv

BusinessWeek | Fine on Media

Buzz Machine/Jarvis

The Colbert Report

The Corsair

Daily Show

Editor & Publisher

Ed2010

Folio:

Gawker

Gothamist

Guardian America | Media

HuffPo | Sklar/ETP

IWantMedia

Jossip

Marketwatch | Friedman

Mediapost

Media Wire Daily

NY Daily News | Gatecrasher

NY Mag | Daily Intelligencer

NY Observer | The Media Mob

NY Post | Keith Kelly

NY Sun

NYT | Business

The Onion

Paid Content

Portfolio | Bercovici

Poynter | Romenesko

Radar

Radosh

Rex Hammock

Silicon Alley Insider

Slate | Jack Shafer

Wall Street Journal

WaPo | Media Notes

James Wolcott

WWD

Forum

New York Issues 22 topics
Doc series seeks anonymous media confessions (1) 9/3/2008
Seeking USA culture specialist (3) 8/27/2008
Office/Writer's space available $500 (1) 8/25/2008
Anybody live in Inwood? (7) 8/22/2008
more... - post new topic

Subscribe

Click here to receive the Daily Media News Feed by email.

Job Listings

Featured Listings

Media Supervisor
D.L. Ryan Companies, Ltd.
Wilton, CT

Circulation Coordinator
CMPMedica
Darien, CT

Web Editor/Reporter
Technology Marketing Corporation
Norwalk, CT

Senior E-Marketing Manager
MediMedia
Stamford, CT

Upcoming


Nonfiction Book Writing: Advanced
Take your book idea to the next level.
September 8

Novel Writing: Chick Lit
Draft, workshop, and learn to publish today's most marketable fiction.
September 9

Intro to TV News Reporting
Tape two professional news segments for a demo reel.
September 10


Become a partner



ADVERTISEMENT


mediabistro.com l Member Benefits l Jobs l Freelance Marketplace l Courses l Events l Forums l Content
mediabistro Blogs: Media News l TVNewser l GalleyCat l UnBeige l FishbowlNY l FishbowlLA l FishbowlDC l mbToolbox l PRNewser l AgencySpy l MobileAppsToday l MobileContentToday l MobileMarketingToday l MobileDevicesToday
Site Map l Advertising/Sponsorships l Partners l About Us l Contact Us/Help

JupiterOnlineMedia

internet.comearthweb.comDevx.commediabistro.comGraphics.com

Search:

Jupitermedia Corporation has two divisions: Jupiterimages and JupiterOnlineMedia

Jupitermedia Corporate Info


Legal Notices, Licensing, Reprints, & Permissions, Privacy Policy.

Web Hosting | Newsletters | Tech Jobs | Shopping | E-mail Offers