Les Moonves Says If Sony Were Selling Movie & TV Biz, CBS Would Look: WSJ

CBS Corp. CEO Les Moonves today confirmed longtime speculation that CBS would be interested in buying Sony Corp.’s movie and television studio businesses if they were to become available. “We love our current portfolio, but as a content company, we would want to look at them,” Moonves told the Wall Street Journal in an interview. Moonves emphasized that CBS has no specific plans regarding Sony right now. Some observers have speculated Sony would sell its movie and TV studio businesses if the opportunity arose. Moonves’ remarks to the Journal came as his new extended compensation package — which includes an extra $14.5 million in stock on top of other stock and salary — were filed with the the Securities & Exchange Commission.

This article was printed from https://deadline.com/2012/10/les-moonves-says-if-sony-were-selling-movie-tv-biz-cbs-would-look-wsj-356529/