- Facing ever-present questions about a reunion of his company with Viacom (VIA -0.6%, VIAB -1.1%), Les Moonves says CBS isn't in "active discussions" about the recombination.
- But "we are never going to do something that is bad for the CBS shareholders or CBS employees," the CBS chief said in remarks at the BofA Merrill Lynch conference.
- Viacom spun off from CBS in 2005, and the company's poor performance in recent quarters has sharply raised speculation that putting the two back together would unlock value.
- While Moonves says his team would love to have more assets to work with, "The truth of the matter is we're a stand-alone public company. We're happy with the hand we're playing on our own with our own assets."