• Reuters, Wednesday, January 4, 2006 10:45 AM

Now independent of Viacom Inc., the reconstituted CBS Corp., headed by Leslie Moonves, has been warmly received by Wall Street this new year. The stock price has been up (while Viacom's has remained flat). While some question the long-term prospects of the redefined CBS, with its assets arrayed mostly in the traditional-media camp, Moonves sounds upbeat. "You're not going to see us sitting on our heels and become a utility company," he told Reuters yesterday. "Anybody that wants our content, we'll make deals with them."

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