How great is Les Moonves or what?
CBS is on top of the world after beating up Time Warner for more re-trans cable fees and he opens up about his next moves for radio in public.
Notice how he never says he’s going to sell any television?
Moonves sees the future but radio is not in it.
1. Where his secret talks with Lew Dickey on selling CBS Radio to Cumulus stand right now.
2. Why Moonves is not just going to sell non-essential markets to a buyer willing to overpay.
3. What about that 15 times cash flow demand he keeps making – is that like saying CBS is not going to sell.
4. Why the business that CBS is putting its future in is the same one that other radio companies will have to invest in after he’s got a healthy head start.
5. Is there a circumstance under which Moonves doesn’t sell the radio division?
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