Wednesday, August 7, 2013

Les Moonves Calls TWC Letter 'A Well-Wrought Distraction’

Les Moonves
CBS Corp. CEO Les Moonves has responded to the letter he received from Time Warner Cable head Glenn Britt on Monday, calling it a "well-wrought distraction" that doesn't contain "a sincere or helpful proposal" to end Time Warner Cable's blackout of CBS stations.

According to THR, he also claims he has not heard from Time Warner Cable or Britt apart from the publicized letter, which Moonves said he was upset was simultaneously released to the media.

"It made me suspect that the document was not, as I hoped, a sincere offer, but rather a public relations gesture of some kind," the CBS CEO writes.

Moonves notes that Britt has CBS' actual proposal, including terms, economics and rights agreements. The company never received a mark-up or reply to anything contained in the proposal and has not heard from anyone at Time Warner Cable apart from Britt's "public letter masquerading as a private one," he writes. "That's not negotiating. That's grandstanding."

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