<![CDATA[Gawker: les moonves]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: les moonves]]> http://gawker.com/tag/lesmoonves http://gawker.com/tag/lesmoonves <![CDATA[Rather's David v. Goliath Battle with CBS Goes On]]> CBS and its hot shot lawyers were impotent in their efforts to thwart old manDan Rather's $70 million wrongful termination suit. Now Rather's lawyers want Viacom big wig Sumner Redstone to take the stand. It's war! [Reuters]

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<![CDATA[Is Les Moonves Being Adequately Compensated For Losing $11.7 Billion?]]> In your ever-gray Wednesday media column: Les Moonves can barely afford a dozen new million-dollar condos, The Daily Beast folds on freelance contracts, layoffs at MTV and TruTV, and the New York Times Co. is sick of your rumormongering.

The image associated with this post is best viewed using a browser.Humble patron of the arts Les Moonves, the CEO of CBS, got a 76% pay cut this year, all the way down to $13.6 million, which is even a larger percentage drop than the company's stock price took (two thirds). Two thousand other CBS employees got 100% pay cuts.

The image associated with this post is best viewed using a browser.More on successful novelist Joe McGinniss, who yesterday bemoaned the terrible state of the Daily Beast's freelance contracts: the contract has a "confidentiality agreement," for one thing, which, what the hell could be the purpose of that, for a freelancer? Anyhow TDB says they'll pay McGinniss his $250 whether he signs it or not, so all other freelancers, take note.

The image associated with this post is best viewed using a browser.TruTV's 'In Session' programming is shutting down, which will leave up to 65 people out of work. And MTV Networks has laid off 75 employees from MTV, VH1, and Logo.

The image associated with this post is best viewed using a browser.Now that the Boston Globe's newsroom has finally reached a contract deal with management, it should be much easier for the NYT Co. to sell the paper off to some charitable Bostonian. That's just speculation, of course, but watch it happen, quick! But, please, you god damn heathens, respect the fact that NYT Co. CEO Janet Robinson "resents" all these rumors surrounding her company. Don't you "media" people have any respect at all, for the wishes of media CEOs? Christ.

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<![CDATA[CBS Mogulette Julie Chen Is So Going to Milk Her Pregnancy]]> Early Show host and Les Moonves wifey Julie Chen is preggers! And from the sound of her banter this morning, we are going to be hearing all about Mrs. CBS's baby-to-be for months.

We've never quite understood how it's totally okay that Les Moonves is the CEO of CBS and his wife is the star of one of the network's flagship properties. What if her ratings sucked? Hello, conflict of interest! But we're grateful, because this kind of power couple is invariably nutty. Take Chen's anecdote about sniffing her husband's wine at dinner. Chen and Moonves are acknowledged grape groupies: Witness the portrait of themselves that hangs in their living room.



(Clip by our video intern Nicole Keller)

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<![CDATA[Les Moonves' Daydream, on Canvas]]> Look, it's the portrait of CBS boss Les Moonves and his wife Julie Chen that hangs in their den. It shows various hangers-on toasting the couple as Les is maybe getting a hand job? [NYT]

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<![CDATA[Les Moonves Confident 'CSI' Will Crush Leno: 'By A Lot']]> As Jeff Zucker foists his last hopes for NBC on Leno and his arsenal of funny newspaper-clipping typos, his arch nemesis—future galactic despot Les Moonves—couldn't help but engage in a favorite pastime:

An old-fashioned, TV honcho dick-measuring contest! Talking today at the same New York media conference where Zucker dropped jaws by announcing his plan to scale back on programming hours, Moonves temporarily blinded the audience with a smile, before pledging that it wouldn't be long before David Caruso would be scraping Leno off the bottom of his Italian loafers. THR reports:

"I'm here to tell you the model ain't broke," Moonves told the UBS conference late Wednesday morning. "You can still make a lot of money in network television. We like 10 o'clock shows."

"For NBC, probably a very good move," Moonves said. "For us, it wouldn't be a good move. We are winning four of five nights at 10 p.m." [...]

"I would bet anyone who would like to bet that 'CSI: Miami' will beat Jay by a lot," Moonves said. "Remember: by a lot."

Probably true, but that doesn't make it any less satisfying to hear—almost as satisfying as the image it conjures of a beet-red Zucker submitting to a stress-reducing neck massage from Ben "Magic Fingers" Silverman, who comfortingly whispers, "Shhhhh...Just focus on Jay's chin...We're golden, J.Z., golden..." into his ear.

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<![CDATA[CBS head honcho Les Moonves wants those newspaper ad dollars]]> CBS CEO Les Moonves pontificated at the Mixx conference in New York today, saying that he loves the Internet, really. Departing from the party line of other networks, Moonves pointed out "The Internet is not cannabalistic; it is only additive," presumably referring to audience attention share between television and the Web. So how's CBS going to capitalize? The plan is go after what's left of the newspaper industries advertising with CNet and local affiliates. [MediaWeek] (Photo from Andrew Mager)

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<![CDATA[Can CNET Possibly Become Cool?]]> CBS bought CNET, the tech-focused online conglomerate, for $1.8 billion earlier this year. Which prompted the general reaction "Really, that much?" And also, "Isn't this two fundamentally boring brands combining to form a larger, still boring brand?" Well one brave man says no, it's much more promising than that: CBS CEO Les Moonves, who engineered the deal! But is he right? It's hard to see why he would be:

Moonves is counting on CNET to raise CBS' revenue by two points within three years, which would mean that its online growth would have to offset the "flattening out" of CBS' own TV and radio ad revenue. But CNET is basically a tech news brand, and a pretty unexciting one. CBS is a general interest brand, and an unexciting one. So why try to make CNET another unexciting, general-interest brand?

Watching Moonves at a meeting of CNET executives, it's hard to miss the CEO's competitive spirit. The key, he says, is to boost traffic at CNET's dozen or so Web sites, which include video gamer site Gamespot.com, the all-things-television TV.com, and food site Chow.com. Katie Couric was on CNET streaming special shows from the convention. Chow.com's photogenic food editor Aida Mollenkamp is headed to a guest spot on Rachael Ray's show, which CBS syndicates, while CNET reporters are expected to populate every segment possible on its news shows.

It's going to take more than corporate synergy, though. For example, Moonves says TV.com is bound to be "the destination for online TV viewing" once it has shows from all the networks. Eh. It has a good name, but it doesn't even have CBS shows yet.

The basic problem: CBS itself has an increasingly old audience. They're counting on CNET to bring in the young audience. But CNET isn't cool. And if Les Moonves is the man who has to make it cool, its chances are less than average.

[BW; pic from Valleywag]

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<![CDATA[CBS wants 50 percent revenue growth from digital in three years]]> In a conference call to discuss CBS's quarterly results, CEO Les Moonves pointed to the recently announced selloff of radio stations and acquisition of CNET as an effort to jumpstart growth. Profits for the quarter were up a measly 1 percent, and the stock price was down slightly on the news. Moonves is looking for the CBS Interactive division to grow its annual revenue to $1 billion in three years.

That's presuming online ad industry growth matches expectations despite a larger economic downturn, which Moonves assures us all it certainly will. In fact, the 50 percent target is modest; it translates to 14.5 percent a year. Which means Moonves is assuming that CBS Interactive will underperform the online-advertising market, which is expected to grow 20 percent a year or more. (Photo by Getty/Vince Bucci)

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<![CDATA[That's What You Get For Ordering The Boss' Wife To Kansas]]> Rick Kaplan's exit from The Early Showless than three months after the veteran TV producer was brought in to turn around the troubled CBS morning programme—has never been adequately explained. CBS's valiant flacks said he needed a rest after working two jobs, and would be focus on the network's election coverage. Blog Jossip speculated that Kaplan wanted a pay rise that CBS News chief Sean McManus wasn't prepared to give; but it would be surprising for an executive to attempt renegotiation so soon after taking a new job. Here's a more plausible narrative. According to a CBS insider, Kaplan's big mistake was falling out with his boss' wife, Early Show presenter Julie Chen.

Kaplan's great plan for sweeps, the season during which networks put on crowd-pleasing stunts to show better viewer numbers for advertisers, was to send the morning show's presenters to Greensburg. The Kansas town had been devastated by a tornado, and Kaplan believed that a broadcast from the recovering town a year later would resonate with American viewers more than the exotic travels of rivals such as Matt Lauer of NBC's Today Show. "Kaplan carried his 'sweeps playbook' around like a junior varsity coach," says one of his critics.

Most of Kaplan's colleagues hated the pet project, which was expensive as well as "hyper-cheesy". Anchor Julie Chen simply refused to go, despite Kaplan's angry demands. Chen has the clout to back up her defiance: she's married to CBS chief executive Les Moonves. Kaplan was overheard yelling: "Fuck her: she may be sleeping with my boss, but she works for me." Wrong. At CBS, everybody works for Moonves, as Kaplan discovered when he was unceremoniously sent off on forced vacation.

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<![CDATA[Should Barack Get a Talk Show, or Should Tyra Be President?]]> CBS president Les Moonves on talk show host / former supermodel Tyra Banks: “We’re in a new day. We’ve seen with Tyra that the audience is changing. In the past, her audience would have been primarily African-American, but the television audience in general is becoming increasingly colorblind, and younger viewers are particularly colorblind. It’s similar to the pattern we’re seeing with voters and Barack Obama—he and Tyra have a similar appeal to the youth audience.” [NYT]

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<![CDATA[CBS, meet your new anchorwoman]]> CNET TV personality Natali Del Conte has recorded outtakes from her Loaded Web-video show. The highlight: Del Conte's reinterpretation of Flashdance. This makes us think of an obvious synergy play, now that CBS is buying CNET. CNET hired Del Conte and moved her to New York specifically to get her airtime talking about gadgets on the major broadcast networks. CBS, last I checked, is a major broadcast network. If CBS is serious about reversing its news division's aging demographics, CBS should move Loaded from the Web to primetime. Heck, Katie Couric's not doing so well in the anchor seat. Les Moonves, why not give Natali a spin?

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<![CDATA[Moonves declares CNET new CBS Interactive headquarters]]> In an address to employees after a tour of the CNET building in SoMa, CBS chairman Leslie Moonves proclaimed, "CNET is CBS Interactive's worldwide headquarters." It might have been meant to stoke employees on the deal. But it could just as well remind workers who just went through a round of layoffs that they now face redundancy with CBS's own online publishing teams.

Reporters can take some solace in comments by CNET CFO Zander Lurie to analyst Imran Kahn dismissing the threat from tech blogs ("we do a lot of the things that the aforementioned bloggers don't do") and promoting original content ("You have to have (the) in-house editorial staff"). But will the San Francisco-based company even keep the name CNET? "At this time we don't know," says the employee FAQ. Just in case, save up that CNET schwag: Selling it on eBay could be a way to supplement severance packages. (Photo by Adam Buchen)

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<![CDATA[CBS CEO Les Moonves to visit CNET next Tuesday]]> After buying CNET for $1.8 billion, CBS CEO Les Moonves is getting around to inspecting his new property next Tuesday, we hear. Moonves is visiting CNET's San Francisco headquarters to address the troops. So far, beaten-down CNETters, weary of the fight with hedge fund Jana Partners, seem mostly supine in CBS's embrace. Show some spirit, guys! We suggest testing your new CBS overlords' sense of humor by wearing some 2006-vintage "I Hate Les Moonves" T-shirts, from the days of his tussles with Howard Stern. Ironically retro, of course.

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<![CDATA[CBS Not Reinventing The Sitcom And Cop Show Wheel Here, Folks]]> Following a detour in last season's CBS programming strategy which saw the network throw a few wackier ideas against the fridge to see what stuck (Drac Steele, Vampire P.I. and The Singing Venetian, Hugh Jackman's addition to the musical-casino genre, were what stuck), it seems they have returned to the dependability of laugh-tracks and procedurals for the fall 2008-09 season. At their upfronts announcement this morning at their New York offices, Les Moonves and trusty commandantes Nina Tassler and Kelly Kahl made official their last-minute, 22-episode order of The New Adventures of Old Christine, the unlikely story of what happens when Elaine loses her balls and spends the majority of her leisure time bickering with her ex-husband and his new girlfriend. Following them on Wednesdays is a new sitcom, Project Gary, starring Jay Mohr, while another new, single-camera comedy, Worst Week, joins the Monday night lineup, alongside all the wisecracking nerd-geniuses and Britney guest spots you've come to expect.

Procedural goodness after the jump!

As for dramas, Tassler explained, "We do very well with our procedurals, but we've added more character to them." Translation: Expect an oblique reference to an affair between two CSI cast members over the break that will be all but forgotten about by episode three. With Drac Steele, Vampire P.I. (OK, fine, it's called Moonlight) thrown a fistful of holy water in the face by Moonves moments before the future galactic despot plunged a CBS-branded letter-opener through its heart, The Ex List—aka CGI: Clingy Girlfriend Investigators—swoops in to take its place. Also on the schedule, Jerry Bruckheimer's Eleventh Hour, "about a science professor who helps solve crimes," and The Mentalist, starring Simon Baker as "deceptive celebrity psychic" who "puts his observational skills to better use working for law enforcement." That's totally mental! All your CSI friends (minus Gary Dourdan) will be back, and, somewhat miraculously, you won't be seeing Without A Trace on the side of any milk cartons, for it has survived another season.

The full CBS Fall 2008/09 Lineup:

Monday
8-8:30 p.m. The Big Bang Theory
8:30-9 p.m. How I Met Your Mother
9:-9:30 p.m. Two and a Half Men
9:30-10 p.m. Worst Week (new)
10-11 p.m. CSI: Miami

Tuesday
8-9:00 p.m. NCIS
9-10 p.m. The Mentalist (new)
10-11 p.m. Without a Trace

Wednesday
8-8:30 p.m. The New Adventures of Old Christine
8:30-9 p.m. Project Gary (new)
9-10 p.m. Criminal Minds
10-11 p.m. CSI: NY

Thursday
8-9 p.m. Survivor
9-10 p.m. CSI
10-11 p.m. Eleventh Hour (new)

Friday
8-9 p.m. Ghost Whisperer
9-10 p.m. The Ex-List (new)
10-11 p.m. Numbers

Saturday
8-9 p.m. Crimetime Saturday
9-10 p.m. Crimetime Saturday
10-11 p.m. 48 Hours: Mystery

Sunday
7-8 p.m. 60 Minutes
8-9 p.m. The Amazing Race
9-10 p.m. Cold Case
10-11 p.m. The Unit

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<![CDATA[Mel Gibson To Don His Actor's Hat Once More]]> · Mel Gibson has signed on for his first acting job since Signs and We Were Soldiers back in 2002. In Edge of Darkness, a feature based on a BBC miniseries from the '80s, he'll play "a straitlaced police investigator whose activist daughter is killed, probably by the Jews." [Variety]
· Could one-half of the lusty network coupling responsible for siring struggling, bastard offspring The CW be missing their former identity? Warner Bros. just launched TheWB.com, where you can catch streamed episodes of old programming and newly launched online series. [Variety]

· Tom Wolfe's sex-at-college novel I Am Charlotte Simmons (how's that for distilling 752 pages into one compound modifier?) will be directed by music video vet Liz Friedlander, to be eventually followed by Medusa's Pom Pom, a tell-all exposé detailing what went wrong behind the scenes of the box office dud. [THR]
· Closing arguments in the Pellicano trial begin today. [THR]
· Les Moonves pledged this morning that Showtime "would not miss a beat," despite having lost output deals with Paramount, MGM and Lionsgate to a new, yet-to-be-named premium cable channel, as that decision has effectively "freed up $300 million" to lavish on "more original programming like the one with all the lesbians going at it." [THR]

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<![CDATA[Viacom PR Admits 'Public Crapping' May Not Bode Well For New Pay Network]]> moonves_dauman.jpgThe week that started with Les Moonves and Phillipe Dauman kickboxing in Sumner Redstone's corporate steel cage will apparently end with Dauman retreating to his corner of the Viacom boardroom for medical attention. Or at least that's the impression we glean from today's gloom-and-doom survey of the Great Pay-Cable Cockfight of 2008, during which Paramount broke off from cousin network Showtime after failing to renegotiate an output deal for its titles. On their own now with partners Lionsgate and MGM/UA, even Viacom/Paramount flacks acknowledge finding little comfort in the TV wild:
The marketplace reaction to the fourth feevee was predictable: Who needs it?

"On its merits," says Rob Stengel, cable consultant and a principal of the Boston-based Continental Consulting Group, "I don't think you'll be able to find any distributors jumping up and down with eagerness to get their hands on another pay TV network."

Cable ops and satellite distributors "are crapping all over the idea in public," says a Viacom spokesman, "but privately, the early discussions are promising."

Oh, really? OK, then! Seeing as we apparently take everything publicists say at face value around here, we also pick up on what they don't say: specifically, as Variety's John Dempsey also notes today, the joint 'Mount/Lionsgate/MGM press release from last weekend bore no mention of a single cable company who had agreed to broadcast the channel. But seeing as that's the biggest public crap they could have taken so far — well, that, and not having jumped when Viacom said so — we figure the next round of battles can only go better for the dinged-up Dauman. We wish him luck!

[Photo Credit: Getty Images]

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<![CDATA[The Battle For Sumner Redstone's Heart]]> There are dueling views on who is winning the battle for supremacy in the eyes of the notoriously combative media mogul Sumner Redstone. On one side is Philippe Dauman, head of Viacom, who recently decided to form a new movie channel to distribute films from Viacom's Paramount. On the other side is Les Moonves at CBS, who was allegedly "royally screwed" by Dauman's new channel since it ended the hope that his Showtime network would screen Paramount films. Daubman hopes the incident will help him get CBS and Viacom merged back together and put under his control, the Post reported this morning. Not so fast, said the Wall Street Journal: Dauman's movie channel is a supremely bad idea.

The cable and satellite companies that would have to carry the new channel aren't convinced the world needs another movie service, according to executives at several companies. Even Comcast Corp., which owns 20% of MGM, has little interest in carrying a new movie channel, according to a person close to that company.

"Movies are not as much a part of the mix" with the growth of video-on-demand, says Michael Willner, chief executive of Insight Communications, a cable operator primarily in the Midwest. "If they are just another outlet for movies they will have a tough go."

Of course, it's impossible for any human to win Cranky Redstone's enduring love. As the old expression goes, the only way to win is not to play the game.

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<![CDATA[Four Reasons American Idol Ratings Are Dropping Like Ryan Seacrest's Testicles]]> American Idol's ratings are falling to record lows, and Scott Collins of the Los Angeles Times is all over the reasons why. Collins blames the bloated two-hour charity special, Idol Gives Back; the writer's strike; generic show fatigue; the contestants; the presentation, Facebook; and CBS boss Les Moonves' undercover operatives. But that's the least of it. Here are the four real reasons the Fox talent show has finally lost its opiate-strength hold on America's masses. (Difficulty level: 9).

1. The judges' many other projects. Those of you who enjoy Randy Jackson's Music Club Vol. 1 do so at your own peril. With Paula's lukewarm single and Simon focusing on the promotion British winner Leona Lewis' new album, the judges are stretched thin this season, and that's without getting into the
Sophie Monk-Ryan Seacrest
"relationship." How long before Mike Myers is judging contestants as the Love Guru? Pray that we do not see that day.

2. The fragility of Jordin Sparks' career. Who can think of a new Idol at a time like this? Can the sublime talent of such classics as God Loves Ugly and Permanent Monday recover from possible
vocal cord damage
? How many more lives will the Idol juggernaut claim? Surely some willing fan no longer needs his/her vocal cords. What about the crying girl? Are her cords available?

3. The possibility that David Archuleta might not sing "Don't Cry For Me Argentina" this week. Come on, David. Your father no longer holds sway over you. We kept our promise, David. Don't keep your distance. Don't let Syesha or (Simon forbid!) Brooke take the song that is rightfully yours. Speaking of Brooke...

4. Brooke White. It's not just Brooke's amazing ability to talk over the judges ("I already know what you're going to say, let me stop you, I know, I know, I know"), tattooed boyfriend and admittance that she's never seen an R-rated movie that may be causing viewers to check their Facebook profiles instead of watching the show. Nor is it the logorrhoea that caused White to thank half of Arizona
and the entire Church of Latter Day Saints on the back of her first CD. Until Brooke anticipates her own
departure from the show at the very moment she's kicked off ("I know, I'm done, I know you're going to say I'm going to have a great career, I know, thank you") Idol ratings may stay in the tank.

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<![CDATA[Paramount, Showtime, CBS Spend Weekend Fighting in Grandpa Sumner Redstone's Sandbox of Death]]> While most of us fled the office to enjoy early spring, Sumner Redstone spent another relaxing weekend watching his corporate children at Viacom gouge each others' eyes out. And this time around he got his money's worth, with Paramount finally breaking free from CBS/Showtime to start its own pay-cable and VOD service with MGM and Lionsgate. It's an untidy, somewhat shocking scenario that we (and seemingly the rest of the Web) can't yet make sense of, but join us after the jump to parse the winners and losers at a glance.

In the end, the studios just wanted more for their films' pay-cable rights than Showtime was willing to pay. This much was somewhat old news; Viacom and Paramount haven't quite seen eye-to-eye with CBS boss Les Moonves and Showtime chief Matt Blank for some time. The vertical integration implied by their output deals — Showtime had rights to Paramount releases through the end of 2007 — was less a function of convenience than an increasingly forced pairing, especially as Showtime's original programming (Weeds, Dexter, The Tudors) took off over the last few years. Showtime's output deals with MGM and Lionsgate — booked through the end of this year — were just as fragile in the Redstone and Viacom CEO Phillipe Dauman's volatile corporate culture.

Nikki Finke was first on the scene when news broke on Sunday:

Moonves wanted to drastically cut the price for Paramount pics, arguing that "the pay channel world isn't what it used to be" and the value of movies on pay TV has decreased while the importance of hot new scripted original series have increased. I'm told that, as the bargaining dragged on, the Paramount/Viacom camp, once optimistic that it would all work out, lost patience with Moonves' "hard line" and resented being lowballed. Now it looks like Les over-negotiated because Paramount, MGM and Lionsgate have found refuge thanks to Viacom. This new premium TV channel by Viacom, Paramount, MGM and Lionsgate is that old Hollywood maxim at work: Don't get mad. Get even.

Well, yeah. One observer told Finke that Moonves is "royally screwed" — for starters, there are no studios left on the market for output deals. A defiant Blank, however, is standing tall this morning in Variety:

"We're not willing to sell our network down the river for product that's not as valuable as it used to be," he said. "We wish them well. ...

"We've been having unbelievable success with our original programming," Blank said. "Can you name one movie Showtime has aired in the last three years? But people sure do know The Tudors and Californication and Dexter and Weeds."

Take that spin for what you will, but we're of a mind with David Poland: Apart from drunken Sunday-afternoon pissing contests, what's really in this for the 'Mount? Showtime keeps the studio's library for a while still, leaving MGM and Lionsgate's libraries (along with upcoming, inconsistent Paramount product ranging from Iron Man to The Love Guru) the primary source of programming. (DreamWorks films are aligned separately with HBO.) As such, reports The New York Times, original programming may be in the cards when the new channel launches in late 2009. But why pay hundreds of millions to enter that fray when HBO and Showtime have spent years establishing the institutional upper hand?

Sometimes there is no explanation for this kind of stuff besides entertaining Emperor Redstone — and us. We could watch Brad Grey cannibalize Les Moonves all day. Nevertheless, somebody out there knows something the rest of us don't; maybe an original program is jumping ship? Moonves lost a poker bet with MGM chief Harry Sloan over the weekend? Your guesses are as good as ours.

[Photo Credit: Getty Images]

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<![CDATA[New Movie Channel "Royally Screwed" Les Moonves]]> CBS honcho Les Moonves had a week from hell. It started with a Times highlighting how his salary keeps going up while revenues at his beleaguered company keep going down. Then he had to answer to news department staff about leaks that made Katie Couric look like a lame duck in the anchor chair at CBS Evening News. Now he's said by Nikki Finke's sources to be "royally screwed" after fumbling negotiations with Viacom, a sibling company in the Sumner Redstone media empire. Moonves had been trying to cut the amount CBS' Showtime was paying for Paramount movies, but Paramount said "screw this" and decided to form its own cable channel along with studios MGM and Lionsgate. Here's why the whole situation is especially awkward, according to the Times:

The new venture could create some awkward moments around Hollywood. Leslie Moonves, the chief executive of CBS, is close friends with Harry E. Sloan, the chief executive of MGM, and Jon Feltheimer, the chief executive of Lionsgate. A spokesman for CBS declined to comment.

I think this just means Les Moonves has to dance around certain topics during lunch meetings or dinner parties. That's not so awkward. You know what's awkward? Having lunch with a crazy Scientologist who is about to mock you in a movie, per Redstone's recent rendezvous with Tom Cruise at the Beverly Hills Hotel.

Oh, and Redstone, being a cantankerous old bastard, is totally supportive of this CBS-Viacom infighting:

Last month Mr. Redstone, who is the controlling shareholder in both Viacom and CBS, was asked at an investor conference about the two companies entering each other’s business. “They were always intended to be independent companies, free to compete with each other,” he said.

[Deadline Hollywood, Times]

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