That’s what CBS President Les Moonves told a group of University of Texas students yesterday regarding the massive paycheck he gave to the Evening News anchor to lure her away from the Today show. “Those days are over, because the news no longer generates the kind of revenue or success that’s worth doing,” he added. “We thought [the money] would make a difference. It didn’t.” [MarkCoddington via Romenesko]
“It’s not a time to get complacent,” he says. “We have to remain disciplined going forward.”
But he says yesterday 779 died people and that is the highest number yet.