Tuesday, March 7, 2017

CBS' Moonves Welcomes Possible Deregulation Under Trump

Les Moonves
CBS' Leslie Moonves on Tuesday signaled his approval of the Trump administration's deregulatory agenda, which could allow the network to buy up more TV stations and get more revenue from retransmission consent fees.

"Overall, advertising is very strong. Our balance sheet is strong. So looking forward, the news out of CBS is pretty positive and I'm feeling very optimistic about the world," the exec said on Tuesday. "Obviously, there is a lot of information coming out of Washington and although we are not the enemy of the people, we welcome the deregulations that are going on there."

According to The Hollywood Reporter, he also talked about an imminent renewal for The Big Bang Theory. "We are very close to getting a two-year extension, we're virtually on the two-yard line. So I expect you will hear news about that fairly shortly," Moonves told the Deutsche Bank Media, Internet & Telecom Conference during a session that was webcast.

He projected 48 more episodes of The Big Bang Theory over two years. And Moonves talked about the upcoming Big Bang Theory spin-off series, Little Sheldon. "Picture [Sheldon Cooper] as a 10-year-old boy growing up in Texas, with a very right wing family not used to this 10-year-old genius living in their midst," he said.

Moonves during the session reiterated his support for the pro-business environment promised by the new administration. Last year he made headlines when he said Trump “may not be good for America, but he's damn good for CBS." (Moonves later called that remark an offhand joke.)

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