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Posts Tagged ‘Les Moonves’

Les Moonves on Aereo Ruling: ‘It’s a Very Good Day For Our Future’

CBS CEO Les Moonves appeared on Bloomberg TV this afternoon to respond to this morning’s Aereo ruling. In a 6-3 decision, the Supreme Court ruled that the streaming television service was illegally rebroadcasting content from the major broadcast networks, including CBS.

“All that’s important here is that broadcasters and cable content companies and everyone who’s involved with the content producing business gets paid appropriately for their content,” Moonves said. “And that somebody can’t come and take that content, charge for it, and not pay us back for that content.  So it’s a very good day for our future.” Watch:

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Supreme Court Sides With Broadcasters in Aereo Case

aereoThe Supreme Court has ruled in favor of the broadcasters in ABC vs. Aereo. In the 6-3 opinion delivered by Justice Breyer, the High Court “goes out out of its way to make clear that its ruling does not endanger other technologies,” according to SCOTUSBlog.

The decision is the end of a long road for the lawsuit, which began when Aereo launched in 2012. Acting on behalf of the local stations in New York City, Aereo’s first market, broadcasters filed the initial suit less than two weeks after the streaming television service was announced. Four months later, a federal judge ruled in Aereo’s favor. In early 2013, a federal appeals court upheld the lower court’s ruling. In October 2013, the broadcasters petitioned the Supreme Court to hear the case.

The High Court heard oral arguments in the case in April. At the time, justices seemed conflicted over the broader implications the ruling could have over the cloud computing industry. During the arguments, the Supreme Court heard from both sides as well as the Deputy Solicitor General, who argued against Aereo on behalf of the government.

As for what’s next for Aereo: both Aereo CEO Chet Kanojia and investor Barry Diller have said that the streaming service would be shut down in the event of a Supreme Court loss. “The mission of this company was to try to create an open platform, to try to wedge the system open a little bit. And if we don’t succeed in that, despite our best efforts and good law on our side and merits of our case, it would be a tragedy, but it is what it is,” Kanojia told Bloomberg TV in April.

Disney Reportedly Thinking About Selling Local Stations

walt_disney_304 The New York Post is reporting the Walt Disney Company is looking into selling its eight owned and operated stations.

With station groups like Sinclair Broadcasting buying up local stations left and right, local affiliates are quickly becoming the new hot property. The Post said the move could be worth billions.

In July, Tribune paid $2.73 billion for 19 stations owned by Local TV, while Sinclair paid $985 million for seven Allbritton-owned stations. Earlier, Gannett bought Belo and its 20 stations for $1.5 billion.

There has been a wave of consolidation as companies buy up TV stations to reap the rising “retransmission” fees cable companies and other distributors cough up for the right to carry broadcast signals.

The more stations a company owns, the more leverage it has when it enters negotiations with pay-TV providers such as Comcast and Time Warner Cable.

In September, CBS president and CEO Les Moonves told analysts that the local station business is better than ever. Read more

Moonves Says CBS Local Stations Worth More After Time Warner Battle

CBS president and CEO Les Moonves revealed what he sees as the silver lining coming out of his company’s long fight with Time Warner Cable over retransmission fees.

In a conference call during the Bank of America Merrill Lynch 2013 Media, Communication & Entertainment Conference in Beverly Hills, Moonves was asked whether CBS would jump into the pool of groups buying and selling stations. “There are a few stations in the CBS affiliate group that we don’t think are particularly well run,” he said. “Those are the ones we look for as opportunities [to buy]. We say, if we took them in we could make them substantially better,” taking the GM’s of his owned stations off the hook when he made it clear he was talking about the stations CBS doesn’t own.

“By the same token, I guess, in some of our smaller markets,” said Moonves. “There might be a station or two, if the offer is right, that we would sell. But guess what?” he added. “The value of these stations over the last 12 months has gone up substantially and right now people know why.  They’re all saying, ‘Oh my God! Retrans is a serious amount of money.’ Stations, therefore are much more valuable than they ever were.”
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Two California Senators Ask CBS and Time Warner to End Blackout

Sen. Dianne Feinstein (D-CA) and Sen. Barbara Boxer (D-CA) have co-written a letter to both CBS Corporation president and CEO Les Moonves and the head of Time Warner Cable Glenn Britt urging the two to end the dispute between their two companies.

The senator’s press release says the fight between the two companies “has blocked consumers across the country from receiving programming they have paid to access.”

“Millions of customers in the Los Angeles area and throughout the country have subscribed to receive the programming CBS networks create and Time Warner Cable distributes, but are unable to access it because of this standoff,”” the Senators wrote. “The status quo is unfair to the millions of your customers who are caught in the middle of your dispute, and we strongly encourage both sides to resolve it immediately.”

Because of the dispute over retransmission fees, Time Warner Cable subscribers in major TV markets like Dalls, New York and Los Angeles can’t watch CBS programming. You can read the full text of the letter after the jump. Read more

CBS Pulled from Time Warner Cable, Again

WCBS-TV New York via Time Warner Cable. 5:10pm 8/2/13

Time Warner Cable has pulled the plug on CBS. The 5pm deadline, which had already been extended once, came and no deal was struck. Viewers of WCBS are seeing this screen (above). We’ve made calls to determine the status of KCBS in Los Angeles and KTVT in Dallas, which were also part of the CBS/Time Warner Cable negotiation, but have not heard back. Update: KCBS and KCAL are blacked out on Time Warner Cable in Los Angles. TWC customers make up about 35% of the market there. In Dallas, KTVT and KTXA are blacked out. Also affected CBS O&Os WBZ and WSBK in Boston, WBBM in Chicago, KCNC in Denver, WKBD in Detroit, and KDKA/WPCW in Pittsburgh.

CBS Corp. channels were pulled from Time Warner Cable briefly Tuesday night, but were quickly restored. At the time CBS Corp. CEO Les Moonves stated, “We are now at war,” with TWC. Both sides then set today’s 5pmET deadline.

CBS Corp. and Time Warner Cable both reported profitable Q2 earnings this week. Revenue at CBS increased 11%, while TWC posted a 6% growth in earnings.

More: CBS statement after the jump… “We deeply regret this ill-advised action…”

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CBS Boss: ‘We Are Now at War with Time Warner Cable’

Both their corporate logos include the oculus, but CBS and Time Warner Cable are not seeing eye to eye this morning. In fact, after CBS-owned stations were pulled from TWC systems briefly overnight, CBS Corp. CEO Les Moonves said, “We are now at war” with the cable giant.

But after about 15 minutes, after lobbying by CBS, the stations were back on. In all, seven stations including WCBS and WLNY in New York, KCBS and KCAL in Los Angeles and KTVT and KTXA in Dallas/Ft. Worth, are affected.

The new deadline for a deal is Friday at 5pmET.

Time Warner Cable is also in a dogfight with Journal Broadcast group. Five Journal stations, including WTMJ in Milwaukee, WGBA and WACY in Green Bay, KMTV in Omaha, and KMIR and KPSE in Palm Springs have been off Time Warner Cable since last Thursday.

The president of the Wisconsin State Senate, Michael Ellis has sent a letter to, calling on Time Warner CEO Glenn Britt demanding the stations be put back.

Time Warner customers “are no longer receiving the product they are paying for through your service,” Ellis wrote to Britt.

Baltimore’s WJZ Expects Super Revenue from Super Bowl

WJZ, the Baltimore CBS owned station, expects to be a winner regardless of who takes home the Vince Lombardi Trophy this year, the Baltimore Business Journal is reporting.

Jay Newman, WJZ’s president and general manager, told the Business Journal the station has already sold out its commercial inventory for Super Bowl XLVII. He declined to divulge how much money the station got for the spots.

Nationally, Super Bowl commercials go for as much as $4 million. CBS chairman and chief executive officer, Les Moonves, revealed in November WCBS, the New York owned CBS station, sold a thirty second Super Bowl spot for $1 million. Read more

‘Pretty Incredible’: WCBS Gets $1 Million for Super Bowl Spot

WCBS made nearly one million dollars for selling half of the proverbial New York minute.  During CBS’ third quarter earnings call, Les Moonves, chief executive officer of CBS, told analysts both the New York O&O and the network stand to see healthy profits from airing America’s most watched TV spectacle, the Super Bowl.

“And speaking of the Super Bowl, most of our inventory is already sold at extremely strong pricing, said Moonves.  “Spots have gone for north of $4 million for 30 seconds.  And in New York alone, we sold the spot on WCBS for just shy of $1 million. Just think of that, $1 million for a local spot in one market, pretty incredible.”

Super Bowl XLVII will be played in New Orleans and will air on CBS on February 3, 2013.