Wednesday, January 10, 2007

CBS Leslie Moonves

From PaidContent:

"On experimenting: “At this stage, these are all experiments because we don’t know where the world will lead. So far the experiment with YouTube has been phenomenally successful. When you see that there are millions and millions of hits and it’s turning into a great promotional vehicle for us and we haven’t even begun to monetize it, which will be the next step, we’re very pleased with what has happened with that in the early stages.

What’s next? Right now, we’re looking at everything. There isn’t a day that goes by we’re not looking at some deal. There’s an enormous amount of time and energy expended—bringing in Quincy Smith, Quincy’s staff … There is rarely a week that goes by that we are not pitched by 10 different companies to invest, to acquire."

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