CBS wanted to select a CEO by the end of the first quarter. It didn't. Merger expectations and the inability to find a great candidate have delayed the process.
It's been almost six months since CBS hired search firm Korn Ferry to help select a new CEO for the broadcast network. Joe Ianniello has been filling this role on an interim basis since September after Les Moonves resigned amid sexual misconduct allegations.
But she can't magically will it to happen — she'll need the CBS board to come to the same conclusion. Redstone wants a larger CBS in part so it can compete for National Football League broadcast rights when they're up after the 2022 season, as CBS's retransmission fee growth is largely dependent on having NFL games. But there will probably be a slew of bidders for the rights, possibly including tech giants Apple and Amazon, who have much larger balance sheets.
More recently, the CBS board, led by Chairman Strauss Zelnick, has been searching for a leader who has already been a CEO and has previous experience with M&A integration, according to people familiar with the matter. That candidate also may not exist or be available to CBS.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Salzgitter CEO eyes Thyssenkrupp-Tata Steel JV remedies: CEOSalzgitter's chief executive will look at any assets that Thyssenkrupp and ...
Weiterlesen »
Silicon Valley Entrepreneur Jim Lanzone Leads CBS Interactive Into The Twilight ZoneJim Lanzone, the Silicon Valley entrepreneur who helped revitalize the struggling Ask Jeeves search engine before its $2 billion sale, is leading a higher-stakes transformation—prodding one of America’s oldest broadcast networks, CBS, into the digital era.
Weiterlesen »
NFL notebook: Romo may be $10 million man for CBSTony Romo could become the first football analyst to earn $10 million per year. ...
Weiterlesen »
Silicon Valley Entrepreneur Jim Lanzone Leads CBS Interactive Into The Twilight ZoneJim Lanzone, the Silicon Valley entrepreneur who helped revitalize the struggling Ask Jeeves search engine before its $2 billion sale, is leading a higher-stakes transformation—prodding one of America’s oldest broadcast networks, CBS, into the digital era.
Weiterlesen »
Analysis | Trump is treating the Russia investigation as settled. Most Americans don’t agree with his conclusions.Analysis: Trump’s treating the Russia investigation as settled. Most Americans don’t agree with his conclusions.
Weiterlesen »
In first TV interview, Meredith Watson details sex assault allegation against Va. Lt. Gov. FairfaxWatson interview with CBS This Morning follows sit-down with original accuser Vanessa Tyson
Weiterlesen »
Goldman Sach CEO turns up in Saudi Arabia as uproar fades over Khashoggi killingGoldman Sachs’ David Solomon is on his first trip to Saudi Arabia as chief executive officer, the latest sign that Wall Street’s skittishness about doing business with the kingdom is fast becoming a thing of the past.
Weiterlesen »
Mr. Big: Will Supersizing Restoration Hardware Stores Backfire For CEO Gary Friedman?A look under the couch cushions exposes questions about whether Gary Friedman’s strategy of opening giant stores—which he calls “galleries”—is working all that well.
Weiterlesen »