les moonves may want to sell to someone, but there are no talks happening right now.eople this morning who were surprised by sherry's move. that letter came sort of from out of nowhere. emily: let's talk more about bakish's strategy. what do we know about his plans to turn the company around? >> you have seen a bunch of leadership changes at the different networks already. mtv got a new boss a couple of months ago. the paramount movie studio just got a new coo. comedy central had a leadership change relatively recently. he's going to make sure that all those divisions have a strategy for how they will turn themselves around. since taking over, he has assembled different leadership committees to try to discuss what is the plan for mtv and comedy central. everybody involved knows what the pressure points are. they just hasn't been an effective means of turning them around. what the specifics are on those plans will probably come out over the next weeks and months. emily: lucas shaw in l.a., thanks for bringing us that update. staying with media, asia's largest internet

moonves credits the journalistic integrity of "60 minutes" for keeping the story line on track.essica moore, cbs news. >> you can watch the full trailer for the movie on our facebook page, just search kpix. >>> let's take a look at our weather forecast now with roberta gonzales. more rain on the way. >> what a day! venado over 6.5" of rain. you see shades of yellow and orange, and it's now marching south towards the central bay. but if you are in san rafael, you know what i'm talking about. if you are in richmond, you also know what i'm saying. novato plenty of rain showers. novato already an inch of rain since 10 a.m. think about it. since the 10 a.m., a full inch of rain a half inch per hour. so here we go with the front now beginning to descend on the city of san francisco. crossing the golden gate bridge towards the western addition. the flag is on the fly. gusty winds, temperatures 50s and 60s. there you have it again. the rain continues to pour into the north bay, the central bay now. all the way until about 3:00. then it lightens up. south bay between 3 and 7 p.m. in the

is this just les moonves getting his way in. >> well, i think that recently les moonves has spoken about how they are looking into this as they were asked to buy national amusements but wouldn't do a deal if it made sense for the shareholders. since viacom and cbs split up so many years ago, cbs has done remarkably well. i think that moonves didn't see a situation where this made sense for shareholder. >> also a report that moonves wanted total control of the company which is -- they did not want that. this is according to a report out there. let's say a grain of that is true, does that make it more likely that perhaps cbs could be out for a deal on its own? >> i hear from sources close to cbs that this is a company that looks at everything. cbs looked at time warner, looking at all potential mergers. now that we know this viacom deal really is off the table, i think that will allow moonves to look at what makes sense for cbs moving forward. they have taken its own path in terms of digital distribution. not part of the hulu, or directv now service yet. i think he's trying to figure out w

scarlet: that was david westin speaking with les moonves.discovery communications ceo also joins destin whiston today. -- >> there is no question that if you close your eyes and open it up in three or four years, most -- whoever gives you your mobile will give you your multi channels at home. we are seeing it play out across europe much more aggressively. the 80 -- the at&t deal -- you see it in latin america as well. this pipe that used to be multichannel, it is now -- that it became hard phone and broadband. the person who sows to the pipe will sell you everything. i think the at&t deal stands for the power of that. the second thing that is more important for us as a content company, it talks about the real value and how important content --due d commoditize the ability to get margin on that pipe -- if you're sitting they can- france and all give you decent speed and good mobile signal, what's the difference? the only way to get scale is to either reduce price, which is what is going on now around the world in which is why most of the mobi

emily: cbs chief les moonves joins us next. this is bloomberg. ♪ emily: u.s.lect trump has invited tech leaders to a discussion in new york this week. the point is for leaders in silicon valley to build relationships with the incoming administration it initially distrusted and harshly criticized. among those attending was chuck robbins. the meeting is scheduled for wednesday. discovery communications is preparing for a world where customers no longer subscribe to 100 tv channels. the media giant is focused on programming what the viewers want the most in regional markets. in the u.s., the company has seen around a 2% annual decline in network subscribers. david offered his take on the road ahead for content in the wake of the at&t-time warner deal. david: the at&t deal is another indication that every cable operator will need a mobile solution, whether they own it or not. you see it in latin america as well. so this used to be multichannel, this pipe became hard foam and now it is broadband. the person who sells you the pipe will sell you everything. emily: cb

she said, i got press to call les moonves at cbs to try and get a 60 minutes report squashed. she said she made the call, but he refused to intervene. we reached out to cruise and cbs for a statement and they did not respond to our inquiries. i sat down with an interview with her last year, and in which she described the power and the allure of the church for her when she joined as a child. >> so for a kid, looking around, comparing herself to other people, to be part of a faith save -- >> to save the planet. >> that must have been a big deal? >> yes. because scientologist view children as spiritual beings, you're not treated as a kid. you're given a lot of responsibility. your ego becomes extremely inflated. >> remini says her new show is about families that the church has torn apart, something she says she knows too well after losing a best friend to the religion. the church of scientology says, in a statement to abc news, it's sad that she wishes to exploit for money those who tirelessly worked to help her when no one else was willing to tolerate her behavior. adding that s

leslie moonves to continue to pursue the independent path for cbs and now mr.ackus getting the backing of his most important shareholder shari redstone. again, in this letter that should be released in the not too distant future and sent to the company saying, hey, we want you to discontinue conversations and we like the strategy you're pursuing. >> wow. i think that obviously viacom many people are hoping for something but cbs has been trading an at pretty big discount to the s&p. they have done a lot of good things. cbs radio deal. i mean, they have to sell off 15 times earnings and earning more than four bucks cbs undervalued on that story. a lot of people thought that cbs paying too much no matter what. >> it's funny because the people indicated to me any deal -- any offer not fairly significant premium would fall on deaf ears and didn't appear to have the momentum and talk of leslie moo moonves and ms. redstone negotiating for governance and what's most significant is performance of mr. backus with confidence of the largest hair shoulder and i had conversa

emily: leslie moonves, cbs chief. i have a bit of news. i'm pregnant. are excited to welcome baby number three to our family. i want to thank everybody on the floor for helping to hide my bump. i will be here for two more weeks and i will miss you guys. ♪ announcer: from our studios in new york city, this is "charlie rose." mark: good evening, charlie is a way tonight. i'm mark halperin. cardinal peter turkson is one of hope francis's closest advisers and amanda were likely to hear more about. you will be charged with issues facing margaret's, the poor and all of those in need. what thate expert of the encyclical of capitalism. he spoke friday morning in rome. here is the conversation. charlie:

she said, i got press to call les moonves at cbs to try and get a 60 minutes report squashed. she said she made the call, but he refused to intervene. we reached out to cruise and cbs for a statement and they did not respond. i sat down with an interview with her last year, and in which she described the power and the allure of the church for her to be part of a faith, where you had a mission -- >> to save the planet. >> that must have been a big deal? >> yes. because scientologist view children as spiritual beings, you're not treated as a kid. you're given a lot of responsibility. your ego becomes extremely inflated. >> remini says her new show is about families that the church has torn says she knows too well after losing a friend to the religion. the church of scientology says, it's sad that she wishes to exploit for money those who tirelessly worked to help her when no one else was willing to tolerate her behavior. adding that she needs to stop blaming the church. dan harris, abc news, new york. >>> coming up, we'll show you what's been called the latest extreme sport. >>

david: that was les moonves of cbs.out his ability to collect money from consumers. he was a pioneer in retransmission. billion getting $8.6 from cable companies. jonathan: i think it's safe to say he knows what he's doing. open is four minutes away. at the moment, down futures are up 10. in the bond market, treasuries are doing nothing throughout much of the morning. in the openinge is up next from new york. this is bloomberg. ♪ jonathan: this is bloomberg daybreak. we are moments away from the opening bell. this is how the scene is set. we start the trading day as we have with the dow at all times high and futures positive. the s&p 500 is positive as well. the opening in a bell -- opening bell rings. bond market, treasuries have been flat all day. bond market, treasuries have been flat all day. the euro was stronger earlier in the session for a fourth day and then rolled over in the last four hours. they are down by about one third of 1%. the story is the opec euphoria fading away. it's down by 2.6%. we are looking he

we spoke with moonves.by asking about his distribution strategy. >> our job is to do great content for cbs, showtime, for the cw, late night, sports, etc. if we do that, all the distributors will need us. they will pay us for what we are offering and we do not necessarily need to be in the distribution. >> at&t needed time warner, so they went and bought the thing. at some point, you have distributors knocking on your door saying we need you, cbs. so badly in fact, that we want to buy you. >> i am sure there are distributors out there who would like to do that right away. we are a controlled company, so that is more difficult. but i can imagine there are plenty of people out there, especially when you see at&t paying a lot of money for time warner, that a company like ours would be very liable in the open market. -- very viable in the open market. >> have you had any discussions yet? >> i cannot say. >> do you have any concerns about the at&t and time warner deal? a big distributor, particularly in wireless

the leslie moonves credits 60 minutes producer for keeping story line on track.atriots day premiers december y and nationwide january 13th. in boston, jessica moore for cbs news. >>> patriots day is produced by cbs films, division of the cbs corporation which owns this television station. >>> well, big surprise for kids at a local police athletic center. >> that is a santa claus at ford pal center in south philadelphia. local pal officers, representatives from the phillies and the fanatic himself delivered gifts from their july toy drive. santa, the big guy, he trooped in, the toys were all donated from phillies tans and team donate aid $10,000 check. >>> coming up in the next half an hour of "eyewitness news" people are just waking up to a little bit of snow and bitter cold, jan. >>> that is right, snow overnight, and now cold and windy conditions, i'm jan carabao reporting live from collinswood south injuries think morning, coming up how people in this area are now dealing with this bitter blast of weather. >>> we have learned that president-elect donald trump

you got a great ceo in les moonves, smart, funny, cares about product, doesn't want to dilute his stocknd you don't want him waking up every morning about what decision he might make at cbs, how that's going to affect paramount studios or mtv. i think you want flexibility in this new media environment, and consolidation sometimes hurts your flexibility. >> david, what do you make of the fact cbs shares are down 2%, because if as you reported, potentially they were unwilling to pay a big premium for the company, you would think investors would have been happy with that. >> yeah, it's a bit of a surprise, although again, there was a contingent of shareholders of both companies that believe the benefits of the deal, and to use that word, synergy, as well, would be significant cost savings and, therefore, both companies would have benefited, both stocks would have benefited from a deal at a particular price, but it may have been resistance on the part of moonves to pay a significant premium and viacom, in fact, wanting one. things may start to improve for the company. they are going to have

with executives at the ubs global media and communications conference in new york, starting with les moonves youo accomplish everything would like cbs to accomplish, can you do it without owning some distribution? do you need to have an ownership interest in some of these distribution platforms? >> i don't think so necessarily. we are small when you compare us to disney or comcast. premium content company. our job is to do great content for cbs, showtime, late-night sports, etc.. if we do that, they will pay us for what we are offering and we do not need to be in distribution. >> at&t said they needed time warner, so they went and bought the thing. at some point, you have distributors saying we need choose cbs. we don't want to do a license deal. we want to buy you. >> i'm sure there are distributors who want to do that. we are a controlled company, so that is more difficult, but i can imagine people out there, especially when you see at&t paying a lot of money for time warner, that a company like ours would be very valuable in the open market. we have seen a really astonishing surge and sub

down with les moonves and began by asking about the distribution strategy. take a listen.rimarily a content company. ur job is to do great content or cbs, showtime, the cw, sportsest. they're all going to pay for us for what we're offering. we don't need to be in the distribution. example, at&t with time warner, they went and bought the thing. did.hey >> you have distributors coming to knock on your door, we need you, we want to buy you. >> i'm sure there are to ributored who would like do that right away. company, so olled that is more difficult. there, of people out especially when you see at&t aying a lot of money to time warner. a company like ours would be very, very valuable on the open market. >> have you had had any discussions yet? >> i'm not going to say. everybody,ussed with they say nice things things about you. have any concerns, with a big distributor, at&t in they could sort of favor time warner content over content? >> we're looking at it. a few weeks ced ago. we haven't weighed in yet on what we think about it. are you open to have the regulators come in,

chief executives at the ubs global media and communications conference in new york, starting with les moonves >> to accomplish everything you would like cbs to accomplish, can you do it without owning some distribution? we have seen how disney is doing it. do you need to have an ownership interest in some of these distribution platforms? >> i don't think so necessarily. we are small when you compare us to disney or comcast. we are a premium content company. our job is to do great content for cbs, showtime, late-night sports, etc. if we do that, they will pay us for what we are offering and we do not need to be in distribution. >> at&t said they needed time warner, so they went and bought the thing. at some point, you have distributors saying we need choose cbs. we don't want to do a license deal. we want to buy you. >> i'm sure there are distributors who want to do that. we are a controlled company, so that is more difficult, but i can imagine people out there, especially when you see at&t paying a lot of money for time warner, that a company like ours would be very valuable in the open marke

do moonves was reluctant to a deal because he wanted assurances that he was going to control or haveol of the the sumner redstone, the family. he wanted to know he could run these combined companies, which are big and would need a lot of work. our sense was that she was reluctant. the reason this announcement came out today was she and her lawyers and her side want to make it look like they were out front. >> you have these dueling visions. what is his vision? what happens to paramount? >> the two main things is he will have to clean it up, so there will be some restructuring and job cuts, and he will push more into international viewing, a place where they might be owed to boost themselves in return profitability, but both companies feel pretty good where they are. japanese companies have seen their stock drop today after being targeted by short-sellers. a pretty active session, what has been happening? >> an interesting morning in tokyo in terms of activist short-sellers. we had a report by a local researcher just 30 minutes before the market opened on a large, but not maybe too we

we're looking at les moonves or ryan saying i love your shoes, i love your tie, that doesn't sound likencere and find something you want to compliment them on if they're wearing a necklace, you're wearing -- >> you're wearing that in the spirit of the thing. >> it is a good conversation starter. it is a great way to start a conversation with people, people come up to you. it is an easy way to start. >> she says conversations should last five to ten minutes. >> yeah. >> just enough to get to know somebody. you have to read the social queues. >> how do you get out of -- >> how do you say i got to go? >> i think it is nice to ease your way out. you can say, one more thing before i let you go, or -- >> before i let you go. >> right. >> or where's the bar? >> where's the bar? to you know where the ladies' room is and then actually go there. >> i said last night, i need to go see les moonves and say hello. that was my out. >> you say it is so funny, there is a line in your article when you said that many people try to avoid their colleagues that they hide out in bathroom stalls. >> yes. >> ha

you have les moonves's vision. viacom, what is his vision? what happens to paramount?two main things is he will have to clean it up, so there will be some restructuring and job cuts, and he will push more into international viewing, a place where they might be able to boost themselves and return profitability. likely both companies feel pretty good where they are. >> two japanese companies have seen their stock drop today after being targeted by short-sellers. it has been a pretty active session for the stocks. what has been happening? >> an interesting morning in tokyo in terms of activist short-sellers. we had a report by a local activist short researcher just 30 minutes before the market opened on a large, but not maybe too well known company called smc corporation questioning the accounting, the earnings outlook, the auditor. about an hour later, we saw a report on the japanese company, and he's gone quite big, a blue-chip japanese company run by a billionaire. again, questioning accounts and asking whether the organic growth is really there for the company. stocks

network chief les moonves says both hosts are doing well. >>> now to a consumer alert for parents.his christmas you might want to rethink gifting two particular toys. that's because they might be listening in on your family conversation. genesis toys my friend kayla doll and the iq intelligent robot. they allegedly send recordings to software company nuance communications. according to a new complaint, filed with the ftc, the company has had contracts with military and law enforcement [chuckling] agencies. >> okay! think again before you buy those. >> what?! >> you know, what happened to barbies and stuffed animals? >> g.i. joe. >>> tickle me elmo. >> i used to play with g.i. joe because my mom and dad were in the military. so yeah, i never had barbies. i just had g.i. joes. >> all i had was a michael jackson and barbie. >> question for any of you. do you ever -- be honest -- oh- oh. >> oh-oh. >> do you regift? >> no. >> no. >> i haven't done that in a while. >> i have never done that. have you? >> i guess you have. [ laughter ] >> no! [ laughter ] >> roberta has. >> you said be ho

amy goodman: it was les moonves, who is head of cbs, who said, "it may not be good for america, but it'sfor us." sen. bernie sanders: cbs? amy goodman: cbs. sen. bernie sanders: yeah, i think a guy at cnn said something similar, because if you say outrageous things, this is what cnn lives for. that's what they live for. and then they got to have somebody else: "did you hear what he said? oh, my god, it's terrible." and they go on and on. and that's, that is coverage. here is something. during the primary campaign, somebody, i think it was the shorenstein school of media at harvard, just over there. they studied the kind of coverage, and they said that something like 90 percent of media coverage during the primary and i don't think they got any better during the general was all on this kind of stuff, gossip; 10 percent on issues, which surprised me. ♪ amy: this is democracy now, democracynow.org, the war and peace report. in this holiday special we are spending the hour with vermont senator bernie sanders. i interviewed him before a live audience at the free library of philadelphia in lat

. >> bed to concede asian hand and led dsm moonves and just for the record i did not conceive that.besides justice keith and in st. pete or to control and there's a number of factors that the court to deny get to. >> but that will not be executed. but the chief justice initial question presented is an addition to the fact to be woven with those decisions and our reply we repeatedly used of phrase like non clinical or standards and the state with its opposition rested heavily on those factors. and those of our specifically directed to that. that was extensively discussed at the time spirit verify what you said about dsm4 and five because i had a different impression from the regular argument. if we says everybody has to adopt number five in the number six comes out did they all have to go back to reconsider? been making you have to consider the mess the diagnostic tremor. because that represents the scientific method. >> but with regard to intellectual disability. [inaudible] but those factors are all consistent with dsm4. >> they're completely inconsistent with those critical factor

savings or held accountable there is an instrument that is called multi-year procurement the abel moonves and davey was able to do that for the four submarines then you know, your savings in test through the stability of the design and is a commitment before the forget we will use the same contracts as we know how will they work. but with the industrial base we have seen a lot of decisions made but we did not think we would create this because of commercial firms. but now my question is have a lead done enough and is in a time for them to come through for us? can we get one shipped on time or one ship delivered without the serious reliability or quality problems? that is my question. once approved your oversight is marginalized. what you'll be hit with thin the future is a great prices but we have to protect the industrial base then you can change the program and i assaying that you can. it in the first-ever site question will be the program that has doubled in cost but has yet to demonstrate its capabilities worth another $14 billion of investment? that is assuming a ripping goes well. i

savings or held accountable there is an instrument that is called multi-year procurement the abel moonves and davey was able to do that for the four submarines then you know, your savings in test through the stability of the design and is a commitment before the forget we will use the same contracts as we know how will they work. but with the industrial base we have seen a lot of decisions made but we did not think we would create this because of commercial firms. but now my question is have a lead done enough and is in a time for them to come through for us? can we get one shipped on time or one ship delivered without the serious reliability or quality problems? that is my question. once approved your oversight is marginalized. what you'll be hit with thin the future is a great prices but we have to protect the industrial base then you can change the program and i assaying that you can. it in the first-ever site question will be the program that has doubled in cost but has yet to demonstrate its capabilities worth another $14 billion of investment? that is assuming a ripping goes well. i

simultaneously, les moonves was not convinced to buy viacom unless he got some semblance of control fromen an ongoing conversation over the last few weeks. the redstone family held firm and said they were not willing to give him control. they didn't want the control diluted. you could add a third thing in there which is perhaps that cbs didn't see viacom's future as rosy as viacom saw it. and lesbian bess could have decided that it was a headache he didn't want to take on. the chicken early if he is not going to control the company. and he has been very clear that he didn't want to stress shareholders. the thing that i find surprising ceo of fire kept promising it would get better. but now it sounds like it is going to get better. and sherry redstone believed it? she: it is possible that believed it or that she saw it on a road to nowhere. it probably is something in between. where she was at least content to allow viacom to stay independent. and they may have other options at this point. and so may cbs. although people assumed they were not going to combine with viacom was to combine wi

first, david westin had a conversation yesterday with cbs chairman les moonves on the death of tv. to different cable networks, and we came in after the party started. the broadcast network should be paid more than the cable stations, because more eyeballs should mean more pay. tom: brianne, you have been most outspoken of anybody we have talked to, that tv is alive and well. what is the gloom crew on tv getting wrong? branko -- brian: right now there is a little too much optimism. this year will be a very good year for advertising with 4% or 5% growth, but that is not sustainable. overall advertising market will have an effect going into 2017. i am looking at a flat year on a normalized basis between the olympics and political. in terms of a terminal decline, tv is aging, maturing. it will not grow very much, but those who believe that tv is dying is wrong. tom: how do you respond to the zeitgeist of 2016 -- it is old news, sports is dead, the nfl is beleaguered, that the live game is over? i do not buy it for a minute. that is the only thing people watch at home. about everything

i talked to les moonves earlier, and i said what about you, and he said, "i would not rule it out congoot selling, but what you think? that haveompanies reached the broadcast ownership cap -- david: and they are the biggest owner, i believe. michael: and they are likely to buy more stations. the second thing that is going to make a difference is it is going to ease up some of the regulations that the sec put on cable companies. some of the things in terms of being able to limit their ability to sell set-top boxes and classifying them as a utility. that is likely to go away. we're going to see deals like tech companies buying media companies. a tax holiday bringing back $200 billion for apple means apple will be able to buy something like netflix. apple historically has not wanted to invest in content. will apple step up to the bar and say ok, i will change our approach? have a: they may not choice. when you look at companies making these investments, one way or the other, they're going to have to have access to a streaming service. this world is converging about ways in which people get

morning, he will become permanent ceo and merger talks reportedly fell through in part because les moonvesed to buy if he got control over the redstone voting family shares. >> the bottom line, not going to get merged anytime soon, it's down. the big story on wednesday, the fed is beginning to meet and we'll get a rate increase announcement, maybe, on wednesday. here is the other big story wednesday, biggest names in silicon valley will ride the golden elevator to trump tower and they will meet with the private sector -- president-elect. look at that, there's elon musk, a tim cook. where is mark zuck erberg. and larry page, alphabet, google. and we have the ibm ceo. and intel ceo. oracle ceo and the rumor is it's hard to get it done and peter thiel. he had to do a lot persuading to get to trump tower, almost unformally the bulk were anti-trump they were all hillary and you can be sure it's another fly on the wall moment. stuart: you're right on all counts except i bet you peter thiel said, get over here. liz: you too, jeff bezos. stuart: am i so wrong, scott? here we have silicon valley, t

there was a new report in "the new york post" yesterday, les moonves over to japan to buy sony picturesen hoarding cash for quite a while. >> when you have a parent put their two children in a room together and say work out a deal, it doesn't usually resolve itself. it doesn't always happen harmoniously at that time. plus you have companies that can stand on their own two feet. cbs has more assets to -- thinking we can build these companies up separately if they don't have to get together. >> when do the tech players get into the game in a meaningful way? amazon has done so. but i'm thinking about is google ever make a big play to buy one of these big content providers or studios? >> i think so. you see first with the telecom companies and cable companies going more vertical. technology is next. what's interesting is technology companies as large as they have, they haven't done large cap m&a. the largest deal for them has been about a billion dollars. you're now going to see a shift in cash. they're going to be able to bring their cash from overseas. >> this is part of the repatriation