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CBS/CNN Merger Prospects Don't Look Good

  • B&C, Monday, November 1, 2010 4:08 AM
Don't expect a CBS News-CNN merger or joint venture anytime soon, according to CBS President and CEO Leslie Moonves. "Right now, it doesn't look good," he said in an interview with B&C. Moonves acknowledged he has discussed different arrangements with CNN parent Time Warner, but there have been too many deal points that the sides haven't been able to sort out.

"They are non union, we are a union shop, it's a tough nut to crack. We tried 10 years ago, and we tried last year, it's just been a difficult thing. It's hard from a content point of view, who's in charge, who's making the last decision."

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