Les Moonves, the head of CBS, is not one for verbal restraint. Running a television network in the United States means continually propping up your product with extensive claims.
CBS sat out much of Internet 1.0 and only entered 2.0 in a serious way when it bought CNET for a mere $1.8 billion, a fee many saw as off the charts, But Moonves now opines that he wants the service to become a one-stop for information online. He boasted to a media conference: "One of the advantages of the Internet is that we're taking money away from newspapers."
Of course, that's not always true. Sometimes the Internet takes money away from television. Sometimes it takes it from radio, magazines, and even itself. It depends.
