CBS Chief: CNN Merger "Unmanageable," "Not In The Cards"

Broadcasting & Cable:

CBS Corp. CEO Leslie Moonves ruled out a merger of the company's news operations with Time Warner's CNN.

Speaking at the Deutsche Bank media and telecommunications conference, Moonves was asked about a possible merger of CBS News and responded, "We've have five different discussions with CNN about doing something together, and it has appeared to be unmanageable."

He added that Time Warner has also had talks with ABC. "We do look for opportunities to do a deal with CNN, but it's not in the cards."

Read the whole story: Broadcasting & Cable

Comments

[dgscol]

Who started the monopoly game? Someone from NY?

[dgscol]

How about more media outside New York, rather than less?

[vesaversa1]

That bad for CBS because no one is watching this new channel that my grandparents watch back in the day any more .

[Simz]

IF REPUTABLE NEWS ORGANIZATION SIGNS ALONG WITH CNN, THEY WILL HAVE TO BAN JOHN KING BECAUSE HE IS BIAS

[voltage356]

If Leslie Moonves was to even think about pulling this off, he knew he be out the door after the deal goes down.

[2008CaliforniaFan]

Does anyone know how to contact CNN directly...?
If you call the switchboard they say they have a new ' policy '. Got to the website to ' post a comment '... yeah Right... that goes to nobody.
I have the Atlanta address from them and they say address it to ' Programming '... not to a Person who is in charge (or a CEO )

Can you get in contact with anybody there...? Anybody ever tried....?

[ZellaBee]

CNN, CBS, NBC, ABC whatever...... it's all non-infotainment.

[InofTouch]

love this quote if your seriously

[AnnfromCA]

By the time they report news, it's old news. There's nothing to offer viewers.

[InofTouch]

just like this old story your commenting about

[Adagio]

"We do look for opportunities to do a deal with CNN, but it's not in the cards."

Translation: It's going to happen.

[InofTouch]

need a second opinion

[mellene]

All of these media giants are in trouble because their news isn't relevant to it's viewers. From my viewpoint, it's all shaded by the corporate view that will only appeal to those who support big business and conglomerates. I usually trust about 1% of what they say and get more of my news from other sources.

[oakley9]

Whatever happened to anti trust laws?

[anastasiabeaverhousen]

Republicans gu tted them.

[2garen]

and the reason everyone is saying the Media is having so many problems with low viewership is because they i.e. media refuse to adhere to the responsibility to be watchdogs for america. They have cherry picked the news stories or have glossed over the important information we need to make good choices. People are starved for real information not what their corporate heads want us to see and know...You can only watch so much cotton candy