Moonves on CBSN: ‘Plenty of Content at Not a Great Cost’

By Chris Ariens 

MoonvesCBSNCBS Corp. Chairman and CEO Les Moonves went on CNBC this morning to talk about his company’s quarterly earnings, negotiating a deal to keep CBS on DISH (the current contract expires Nov. 20) and the company’s latest venture: CBSN which launched at 9am this morning.

“CBS News is a phenomenal organization that has bureaus across the world, and producing a ton of content of which we don’t have enough air time to put it on. So, since we do not have a cable news network, and since the world is going online, we have the ability to put on a 24-hour news channel with anchors live, with plenty of content at not a great cost.”