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Networks preparing to battle cable and maybe their own affiliates over retransmission consent by Company Town

In the search for new revenue streams, the broadcast networks are going to their affiliates with their hands held out or their guns drawn, depending on one's viewpoint. Specifically, if their affiliates are getting money from cable and satellite operators...

Quincy Smith and his sneakers are leaving CBS by Company Town

Quincy Smith, the fast-talking, sneakers-loving new media chief of old media giant CBS Corp. is leaving to start his own Silicon Valley consulting firm. Smith, the chief executive of CBS Interactive, was seen as primarily a deal-maker, and now that.....
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Cure for the Redstone overhang: Sell Viacom and CBS stock! by Company Town

Usually when the chairman of a company dumps nearly $1 billion in stock, share prices tumble off a cliff. But apparently not when it's Sumner Redstone. Wall Street has dubbed the phenomenon the "Redstone Overhang." For the past year, investors...

Media mogul Sumner Redstone to sell nearly $1 billion in stock, maintains empire by Company Town

Sumner Redstone's family-controlled firm, National Amusements Inc., this morning said it was selling nearly $1 billion in stock in CBS Corp. and Viacom Inc. to help retire the enormous debt that once threatened to upend the 86-year-old mogul's...
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CBS' Nancy Tellem is in talks to step down from post by Company Town

A shake-up is in the works at CBS as CEO Leslie Moonves' longtime Hollywood lieutenant, Nancy Tellem, is looking to give up her day-to-day job to take on a more strategic role at the company. As president of the CBS...
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CBS's Quincy Smith wants to make case against Hulu by Company Town

Don't look for CBS to join Disney, News Corp. and NBC in Hulu anytime soon. CBS Interactive Chief Executive Officer Quincy Smith criticized Hulu in an e-mail he sent to staffers that naturally somehow found its way to the blog...
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Though the audience grew this year, all still is not well in Emmyland by Company Town

That CBS' telecast of the Emmy Awards managed to end three years of ratings declines against a huge football match on NBC is something of a minor miracle. According to preliminary numbers from Nielsen, the Emmys averaged 13.3 million viewers,...
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Dan Rather's attorneys can depose Sumner Redstone, New York judge rules by Company Town

A New York state Supreme Court judge Monday ruled that Dan Rather’s attorneys can depose Viacom Chairman Sumner Redstone in the veteran anchor’s lawsuit against CBS, saying repeatedly that he wants to see the case move forward to trial. More...
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Has it been 10 years already? A look back at the Viacom-CBS vows and a case for renewal by Company Town

It was 10 years ago yesterday that Sumner Redstone and Mel Karmazin walked down the aisle together at the tony St. Regis Hotel in Midtown Manhattan and unveiled the $36-billion marriage of their respective companies, Viacom and CBS. "Our union.....
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Weinstein Co.'s 'Inglourious Basterds' TV deal is financial boost -- for Showtime by Company Town

Now that "Inglourious Basterds" has taken in an impressive $38.1 million in its opening weekend and looks like it's going to be a huge hit, the Weinstein Co. should be poised to collect a nice check from CBS Corp.'s pay...
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CBS takes hit in second quarter but says recovery is coming by Company Town

CBS Corp., the most advertising-dependent of all the major media conglomerates, said its second-quarter operating income fell 62%, but the company managed to squeeze out a small profit and said third-quarter advertising is stronger than it was a year...
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CBS' Poltrack says DVR growth slowing and that broadband better for the industry by Company Town

CBS research guru David Poltrack, who spins TV ratings the way a campaign adviser spins the polls, said online video streaming is the beleaguered broadcast industry's best hope for a significant second revenue stream. Appearing at the Television Critics...
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Moonves on Cronkite: 'It was like sitting with Babe Ruth' by Company Town

CBS Chairman and Chief Executive Leslie Moonves says he knew he had made the big time when Walter Cronkite called to congratulate him on getting the top job at the network. "It gave me goosebumps," Moonves said in an interview....
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Reynolds wraps up long run at CBS by Company Town

CBS is losing its top bean counter. Fred Reynolds, the longtime chief financial officer of CBS, is retiring next month and will be replaced by up-and-comer Joe Ianniello. Reynolds, 58, has been CBS Chief Executive Leslie Moonves' Wall Street wingman...
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