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Forget Jericho, Save CBS
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Once “Americas most watched network” CBS has announced the addition of cage fighting to its primetime lineup. That’s right I said Cage Fighting.
Everybody is watching CBS to see what kind of bonehead move it will make next. While the company showed only tepid growth for the last quarter CEO Les Moonves is on the acquisition hunt and planning to fund growth with a part of its cash reserves set aside to pay dividends to stockholders. Moonves declared war on expensive television pilots by drastically cutting the number of new shows it would bring into being. Meanwhile he claims "What is not really recognized yet is that the content on network TV is also defining success online and on all of the emerging platforms now available to consumers." You cannot have it both ways Les. You cannot profit from the controversy over the embarrassment that is Kid Nation and still call CBS the network that cares and you cannot pay less and get more. Mister Moonves is not only arrogant on the streets of LA but also in the way he runs CBS and that attitude has viewers and stock holders alike covering their eyes.
Once “Americas most watched network” CBS has announced the addition of cage fighting to its primetime lineup. That’s right I said Cage Fighting.
Everybody is watching CBS to see what kind of bonehead move it will make next. While the company showed only tepid growth for the last quarter CEO Les Moonves is on the acquisition hunt and planning to fund growth with a part of its cash reserves set aside to pay dividends to stockholders. Moonves declared war on expensive television pilots by drastically cutting the number of new shows it would bring into being. Meanwhile he claims "What is not really recognized yet is that the content on network TV is also defining success online and on all of the emerging platforms now available to consumers." You cannot have it both ways Les. You cannot profit from the controversy over the embarrassment that is Kid Nation and still call CBS the network that cares and you cannot pay less and get more. Mister Moonves is not only arrogant on the streets of LA but also in the way he runs CBS and that attitude has viewers and stock holders alike covering their eyes.
