Moonves Says CBS Could Move to Cable 'in a Few Days' if Networks Lose Aereo Suit Deadline
CBS chief Leslie Moonves said he isn't losing sleep over broadcast-streaming service Aereo, adding that if the lawsuit brought by the networks isn't resolved in the courts, he's willing to switch CBS to cable, reports Deadline.com.
"We can do it in a few days. If we go to cable, if we are forced to, then about 10% of America will not get our signal and I don’t think they will like that,” said Moonves, who spoke at the Milken Institute's Global Conference.
"We will go after them in the courts and if that doesn’t work there are other remedies. There are financial remedies; there are congressional remedies," Moonves said.
The piece adds: “The CBS chief said that with around 2,000 subscribers in NYC, the ‘illegal’ Aereo won’t hurt the network but that he still intends to shut them down.”
Commenting on the veteran media executive behind Aereo, Moonves said: “Barry Diller has done what he likes to do, disrupt things.”