Moonves: CBS interested in buying CNN if available

By on Jul, 18 2014 with Comments 0

Les MoonvesCBS Corp. CEO Les Moonves says CBS Corp. is interested in buying the CNN news channel if it becomes available. Getting between Rupert Murdoch and his efforts to buy Time Warner Inc. is another matter.

Moonves, who spoke to reporters at a Television Critics Association event in Beverly Hills said in the past he’s discussed “doing something with [Time Warner’s] CNN,” with his CBS News on broadcast. Combining the operations would allow them to share resources and save money.

While expressing interest in CNN, Moonves suggested he wouldn’t be interested in teaming up with Time Warner in a broader transaction. One option suggested by analysts for Time Warner, which rejected the offer, is to combine with another media company such as New York-based CBS.

“Nobody ever competes well against Rupert,” Moonves said.

Murdoch, who is known for his tenacity in pursuing deals, would be willing to sell CNN as part of his plan to acquire New York-based Time Warner, a person with knowledge of the situation told Bloomberg.

See the Bloomberg story here.

About The Author: Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.

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