• The New York Times, Tuesday, September 12, 2006 11:30 AM

For Leslie Moonves, chief executive of CBS Corp., "it was a week to savor." A decision to put Katie Couric in the news anchor chair seemed to be paying off, while the network is set to go into the fall season as the most watched in prime time. Meanwhile, some success on Wall Street endeared Moonves to his boss, Sumner Redstone, who controls both CBS and Viacom. Finally, he got to see the downfall of his rival, Tom Freston, fired by Redstone as head of Viacom. "I am like: 'O.K., bring it on and let the games begin,'" says Moonves. He adds that he is pleased with the early returns on Couric, but isn't ready to declare victory yet. After all, in a business where "we are changing our tires on a car going 80 miles an hour," Moonves notes there is little certainty.

Read the whole story at The New York Times »