>> that's something as les moonves says doesn't want. none of the cable companies want a la carte.he viewers might want a la carte. >> well, that's the point, yeah. >> the truth of the matter -- you're talking about two companies among many that the business is going under their feet, and the feet are slipping, because the business is changing so much, because of places like netflix and apple and amazon and youtube, and -- and video on demand. i mean, it's just a different world, and -- and companies like time warner, which increasingly sees its growth not in the cable business where they are losing subscribers but actually in broadband. >> and, of course, the other day, mr. dolan of cablevision said he could potentially see a world in which his company is out of feeding television signals over cables and is totally -- is totally devoted to broadband. let me turn you back to something jeff buickus of time warner said describing netflix as a gnat on an elephant's hide. is he right about that? >> actually amended that position somewhat later because he's now doing business with netfl

it looks like cbs' les moonves was watching "street signs" and had a response of his own. >> les moonvesas definitely watching our interview with incoming ceo rob marcus on "street signs" and wasn't happen we what he heard calling time warner cable's ceo dishonest and for the company refusing to negotiate. moonves dismissed time warner's proposals calling the idea of returning to the contract terms from 2008 egregious saying that's not negotiating. that's grandstanding. he accused time warner cable of asking to inhibit cbs from licensing content to existing online competitors and new companies. and here's another proposal markets made yesterday. >> like the most sensible thing to do would be to offer cbs programming on an a la carte basis. >> moonves shot down that proposal as, quote, an empty gesture saying we both know that a through a la cart universe is not one that time warner cable welcomes. the latest development in this battle is that cox communications came out defending the company saying they have to find a way to work together to address the path we're on with respect to risi

we just received your letter that you sent to the ceo of cbs, les moonves. can you tell us a little bit about why this has become such a battle. are you using this battle as a realisticing point to try to make a point about the future of cable? >> well, first, julia, let me say thanks for having it. what i want to make clear is time warner cable's mission is really to connect our customers with the entertainment that they absolutely love, and that's really what this is all about. we're as anxious as anyone is to restore cbs programming to our lineup and ensure that our customers have access to it. the key really is that we need to do so at a fair price and on reasonable terms for our customers, so what we've done this afternoon is offered cbs a couple of different choices to get the programming back up and available to our customers immediately. choice number one is that we have agreed to carry the programming on the economic terms that we've agreed to in our most recent round of negotiations. reluctantly i might add but in the interest of customers we're wi

les moonves is shooting back at time warner cable with a letter.arner cable ceo attacking him for failing to respond to efforts to negotiate. he called that incoming ceo's interview on cnbc saying it was dishonest to say on cnbc that cbs has not responded to their proposal when they just had five minutes ago received it. moonves writes, quote, after reviewing your letter, we have concluded there is not a sincere or helpful proposal in it. saying that time warner cable's approach is not negotiating. that's grandstanding. yesterday on cnbc incoming ceo rob marcus proposed what cbs ceo les moonves called sarcastically a ground breaking offer to you a la carte offering cbs outside the traditional cable bundle at an added fee for customers. >> cbs can choose the terms and the price and we would agree that 100% of whatever was charged and paid for by customers would be paid over to cbs so we would not profit at all from the sale of that product. >> moonves responded, quote, anyone familiar with the ent entertainment business knows this is an empty gestur

during the earnings call ceo les moonves defended the company's position saying, quote, we think he who the most eyeballs should get paid the most saying, quote, there are hundreds of channels but most people are watching 10 to 15 of those and we're one of those. in many homes we're number one. on time warner's cable call, the incoming ceo rob marcus shot back saying we're very focused on assuring we obtain reasonable pricing for the programming our customers value so that we can ensure that they can pay reasonable prices for our video services. now while cbs wants to be compensated for its ratings, time warner cable is afraid that passing along higher prices would send subscribers running and higher prices hurt time warner cable's results this past quarter so, sue, if there's a blackout nobody wins and the block is tick. >> it sure, is julia. thank you. >>> hot ipo to tell but today. control4 shares up almost 23%. this helps turn your humble home into a smart home. are you turning your home into hackers? control4's ceo joins us and if a piece tur was found liable for defrauding investo

. >>> lincolns are getting down and dirty with cbs and time warner, les moonves released a statemento cbs. the day before the ceo of time warner cable also released a statement with a proposed resolution. moonves says it went to the public and not to him, he's calling it a p.r. stunt. time warner was removed on friday. >>> and the government claims back in 2008, b of a sold mortgages that were risky. here's the important part, though, bank of america knew it and didn't say anything. the bank said it will fight the charges and also says that securities were, quote, sold to sophisticated investors who had ample access to underlying data. meaning the investigators could have figured it out on their own. >>> warhol, monet, rockwell, if you want a piece from one of these iconic artists. you may think you have to go to a gallery. huh-uh. you can go to amazon. the norman rockwell piece at $400,000 but amazon art also lists items for 200 bucks. online art sales are expected to double in the next four years. >> is the ship including? >> if you can afford that, i don't think you worry about th

number two, cbs's les moonves, his three-year target pay of 193 million, now worth 326 million followedsimon properties david simon whose target pay of 155 million now valued at 234 million. media is where the money s.five of the top ten highest paid ceos are in this business including dauman of viacom, number five disney's bob iger and brian roberts of cnbc and followed by david zaslaw of target. larry fink of the money manager giant blackrock and jpmorgan's jamie dimon comes in at number 48. as in dimon's case, realizable pay can fall below the target pay. the study's prime example oracle's larry ellison, a falling stock hurting his options and cutting his realizable pay of 101 million to just 42% of his target pay. tyler, back to you. >> thank you very much, mary thompson. forget about customizing your home. the rise in foreign and wealthy foreign buyers has led to a jump in move-in ready mansions which includes buying everything in the house, including some of the things you would never think that these move-in buyers would really want. our wealth editor robert frank is here. >> tha

today, les moonves comes out with announcement, we signed a distribution deal with verizon fios, withterms time warner cable has rejected. as they're signing a truce and cease-fire, they're firing missiles at each other. moonves puts out a memo they sent out to the media, i can not describe to you the frustration i feel at the way these negotiations never in my most pessimistic moments did i ever think would have lasted this long and have been so difficult. i'm frankly mystified. a lot of new york customers just want to say, boo-hoo, you guys settle this silly thing. melissa: i don't know. i'm missfied as well though. i got to say i see what he is saying. i was on vacation, i came back. one of the first things i heard on radio back from the airport this stupid thing was still going on. it is shocking. it is shocking that it is still going on. >> here is why. neither one is losing and getting hurt badly enough. melissa: are you sure? there are -- cbs i agree with you, cbs is not get hurt but i think time warner is taking it. they're out there, trolling for customers. everybody is livin

les moonves rejecting the latest proposal from time warner to put an end to the blackout, saying moonvesot heard from anybody at tdc to discuss anything at all. and we'll end on the washington post rising in today's trade, as bezos agrees to buy the publishing assets for $250 million. bill, back to you. >> that's amazing. thank you, josh. bob, i remember the days, when we would say, what would barry do next, barry diller? now we'll have to be asking, what's jeff going to do next, right? >> yeah, i think the big thing here is it's just amazing how the media landscape has been changing. the "washington post" story, for example, just came completely out of nowhere. nobody even knew he'd be interested in buying something like that. and i think the price was a little bit shocking. particularly coming on what the boston story -- what the -- what was going on with boston and the price they paid there. i'm blanking on the cost of what happened up in boston. two big newspapers sold at rather shockingly low prices in the last week or so. >> yeah, they sold it to john henry for $70 million. >> repo

time warner cable has sent a cable to cbs ceo les moonves.duces the two companies immediately resume carriage with the economics that, quote, time warner cable reluctantly agreed to during the negotiations. now, these terms leave those time warner cable customers without the digital rights that cbs has provided to others and since both parties lived under those terms for many years we believe we should continue to live with them. here's the real interesting part here. time warner cable says if you're unwilling to agree to this proposal we'd be willing to resume carriage by making the cbs stations available on an a l.a. cart basis with 100 of the pricing returned to cbs. no cable company has ever done this before. this would really be breaking up that bundle for cbs and making sure that people have to decide whether or not they want to actually pay for cbs. now, the message here of this letter is they want to get cbs back on the air and they say in connection with these proposals we expect you to allow us immediate carriage of the cbs stations

les moonves dismissing it as a public relations gesture and one little note for everybody, apparently cbs' ratings are only off 1%, 2% as a result of this little battle and so when you think about -- >> how is that possible? >> that's what i thought. when you think about the who has got the leverage in this negotiation, if your ratings are not tumbling, things change. how is that possible? i'm in new york city. i thought everybody in new york city -- in new york city, for example, they only have -- time warner cable has 45% of the market. so fios, rcn, all these others and then you factor in the nielsen box situation. >> that's it. it gets us into -- not into the weeds of tv, but the world of the nielsen box, how ratings are still done and where they are. people who are busy, perhaps, don't have time to do so. gives you a little tip-off as to where some of the nielsen boxes are locate elocated, not l.a., york, not dallas. >> possibly. >> just a theory. >>> get a check on the markets once again. the futures are under pressure this morning. right now, dow futures down by 56 points. s&p

breaking news for you, tile warner came ceo glenn britt sent a letter to cbs ceo, les moonves.oposing resuming carriage of cbs with new economics time warner reluctantly agreed to. tile warner is willing to resume carriage by allowing cbs to make stations available on a la carte basis. stay tuned. tracy: really. here's a story you have to stay tuned to. detroit's bankruptcy. well the process appears to be on the fast track. attorneys for the city are looking to reconstructed plan by year's end and the judge says he might move up the trial even earlier than the proposed october 23rd date. retirees of course remain worried about the future of their pensions. our next guest says they may still wind up with a better deal than those in the private sector. joining as you senior fellow at the manhattan institute. i know pensioners are big, are worried here right now but let's talk about the fast track part of it because we all know bankruptcies can take lifetimes. the judge is saying and everyone is basically saying we have to get detroit up and running again, so let's fast track it,

>> basically cbs, les moonves is asking for 600% more than time warner has paid in the past for its warnerthat's outrageous. >> is it outrageous compared to what everyone else gets? >> i don't think it is outrageous. it's a lot of money compared to what cbs was getting before. >> in the past. >> but compared to others it's not a lot. you have to keep in mind cbs is a free network. you can get this with the antenna. other ways to watch this programming but for cable customer, they do pay cbs for the content. >> but with regard to what's being blacked out right now, isn't it all of cbs property so that would include showtime too. >> showtime, amc, my mom will be upset about that. she loves watching -- i'm sorry, tmc, turner classic movies is being blacked out, as well. also premium channels but replacing it, trying to give back their customers, giving them starz and encore, premium channels for free, not a discount, just these channels for free in the meantime. >> yeah, let's switch to topic you and i were discussing last week, spike lee trying to get funding with kick starter, a novel uniqu

now les moonve s is firing the latest shot. amazing how public this is. >> it's quite a cat fight.is surprising to see the negotiations play out in a public way. the latest notary public this transmission fee battle is ceos from time warner cable and cbs are firing letters back and forth through the media. monday time warner cable's ceo wrote a letter offering a solution. but he sent it to the media at the same time. brit didn't reach out to the ceo of cbs personally. moonves called it grandstanding, a pr stunt. so then moonves did the same thing, sending his letter to the media. it's like kindergarten, isn't it? he said after looking at the proposal there isn't a sincere or helpful proposal in it. it is a well wrought distraction. the whole thing is over money. over what time warner cable pays to cbs so it has the right to air cbs programming. time warner cable says cbs wants to double fees. keep in mind the this isn't the only re transmission fee battle going on. there is one with dish network and recom media. the interesting thing is this is playing out in the media. we are seei

number two, les moonves. his target pay worth $326 million. $355 million is now valued at $234 million. the top paid ceo vfrom viacom. and bob iger coming in at number five. media is where the money is. five of the ten highest paid ceos in the business including number eight, brian roberts, ceo of cnbc's parent company comcast, his three-year pay worth $107 million and discovery's david zas lav at $102 million. larry ellison, he's number 11 on this one. his realizable pay of $101 million is only 42% of his target pay. not sure many people would turn up their nose at that realizable pay though. >> only 42%. that's a big figure. mary thompson, thanks very much. an international court will decide whether or not to ban some samsung devices on sale across the u.s. we'll tell you what it means for samsung and apple when we come back. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to sha

les moonves writing, quote, this deal achieved fair value for our over the air rights while preserving well. meaning digital rights are not included in this deal, and certainly not thrown in for free. now, this is crucial because digital rights are the biggest sticking point in time warner cable and cbs' negotiations. sources telling me time warner cable wants free access to stream everything that cbs sells digitally. verizon's deal established precedent that cbs can sell digital rights separately for additional cash. moonves rights, quote, time warner cable is demanding different terms than any other company in the business. i'm, frankly, mystified by what appears to be a lack of urgency to resolve this matter. moonves is clearly looking to pressure time warner cable to compromise. time warner cable tells us no comment. back over to you. >> julia, thank you so much for that. man, the machinations continue between that deal, and moonves, even he says it's hard to believe it's come this far. >> and with the tennis coming hu up. >> if you're just joining us, here is what you missed earli