Les Moonves |
Many thought that CBS CEO Les Moonves confirmed that it was all about ratings and money when he infamously said at a Morgan Stanley conference in February of Trump's presidential run: "It may not be good for America, but it's damn good for CBS." Moonves tried to clarify his comment yesterday at the Vanity Fair New Establishment conference.
He said, "It was a joke! It was a joke!" and explained that it was in the context of a question about local political ad spending, not TV ratings.
According to Politico, he said, "It was early in the primaries, and I was at a business conference . . . The early days of Trump, where no one imagined him being where he is today."
He continued, "By [the 'good for CBS' comment], I meant there was going to be a lot of money in the marketplace. Ironically, because of Donald Trump not spending a lot of money [on campaign ads], more money has been spent on gubernatorial and local races."
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