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Posts Tagged ‘Leslie Moonves’

Broadcasters Developing Contingency Plans in Case of an Aereo Supreme Court Victory

aereoAlthough Aereo CEO Chet Kanojia has said there is no plan B for the streaming television service in the event of a Supreme Court loss, the Wall Street Journal reports the broadcasters are working on backup plans of their own:

The most radical of the contingency plans is the recent suggestion from CBS Corp. Chief Executive Leslie Moonves that the company could offer its own Internet service if Aereo wins. Mr. Moonves hasn’t provided details, but a person familiar with the situation said CBS has the ability to launch a service that would stream its programming over the Web simultaneously with its television broadcasts.

CBS would charge a few dollars a month and show ads, the person said. Such a service would also likely offer on-demand programming. It could include Showtime, the CBS-owned premium cable channel, which would increase the subscription fee, the person said. CBS would use technology company Syncbak, in which it owns a minority stake, to power streaming of local TV stations’ signals over the Web, the person said.

Aereo will be the topic of a panel discussion at the TVNewser Show two weeks from today. BIA/Kelsey SVP Mark Fratrik, Internet attorney Tim Bukher and U.S. Law Week’s Tom Taylor will join us to debate the streaming service and break down the legal arguments for both sides. For tickets and more information, click here.

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Moonves Says CBS Could Go All-Internet If Aereo Wins

les moonvesWith the Supreme Court set to hear arguments in the Aereo vs. American Broadcasters case next month, top executives are weighing in on how broadcast networks could transform if the Court rules in favor of Aereo, CNET reports:

CBS Chief Executive Leslie Moonves said Tuesday that his company’s namesake broadcast network could go “over the top,” or be delivered via the Internet, if Aereo’s model of streaming over-the-air programming is ruled legal.

His comments come as the prospect of a digital pay-TV service appears closer than ever — and yet still far away. It also ratchets up the rhetoric of executives like Moonves, who have said before that moving programming off the airwaves and onto a subscription services is an options should Aereo win.

CBS Station Revenue up 2% as Company Reports 80% Profit Increase Thanks to Retrans Fees

As CBS stations saw a slight increase in revenue for 2012′s first quarter, the company drew huge profits during the period thanks in part to an increase in revenue from carriage agreements.

CBS today reported an 80% increase in profit for the first quarter, which analysts attribute to the $60 million in retrans fees the company received from cable systems, nearly double the amount it received during the same period last year.  Not only did CBS receive a ton of carriage money from cable systems,  it also received a significantly bigger cut of the retrans fees its affiliates earn from cable providers.

Meanwhile, revenue at the CBS station group rose 2% during the first quarter. Read more

CBS Local Revenue Up 21% in Fourth Quarter

CBS announced its fourth quarter earnings on Wednesday and the company saw a 21% increase in local broadcasting revenue for the period.

The revenue increase was due primarily to growth in advertising sales.  Advertising revenue increased 28% in the final quarter of 2010 as stations benefited from an increase in political advertising surrounding last year’s midterm elections.

“CBS’s momentum accelerated throughout 2010, culminating in our best results of the year in the fourth quarter,” said Leslie Moonves, CBS’s president and CEO. “Every one of our operating groups achieved solid quarterly revenue growth.”

For the entire year of 2010, CBS’s local broadcasting revenues were up 18% compared to the previous year.

Changes Atop CBS News: Sean McManus Leaves Post as David Rhodes Becomes President

There’s a new management team at CBS News.

Sean McManus, the president of CBS News and Sports, will become chairman of CBS Sports. Jeff Fager, the executive producer of “60 Minutes,” has been named chairman of CBS News and David Rhodes (left), most recently the head of Bloomberg TV, has been appointed president of CBS News.

“We are extremely pleased that David Rhodes will be joining Jeff at the helm of CBS News,” said CBS president and CEO Leslie Moonves. “David is a tremendously talented and dynamic new voice in our organization, and he has already made a name for himself as a superb journalist and news executive with great energy, credibility and dedication.”

“The world needs great broadcast journalism right now—and we’re going to work tirelessly to produce that at CBS News,” said Rhodes. “I’ve enjoyed getting to know Jeff Fager, and hear his extraordinary passion for the institution. I can’t wait to meet the rest of the team and get started.” Read more at TVNewser