04/03/2009 05:12 am ET Updated May 25, 2011

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

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."

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