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Les Moonves Named CBS Chairman Replacing Ailing Sumner Redstone

Photo Credit: Kathy Hutchins

Photo Credit: Kathy Hutchins

On Wednesday, developments behind the scenes at CBS began to take shape when it was announced that ailing 92-year-old CBS Corporation chairman Sumner Redstone was stepping down from this position due to health concerns.  His replacement is CBS Chief executive, Les Moonves, who will assume the role of chairman.

According to the New York Times: “a lawsuit challenging Mr. Redstone’s mental competance raised questions among analysts and investors about whether Mr. Redstone should continue as executive chairman of CBS and Viacom. Mr. Redstone controls about 80 percent of the voting stock in the two companies.”

The shift at CBS came after Mr. Redstone sent a letter Tuesday to Mr. Moonves and CBS directors announcing his resignation, according to one person briefed on the developments who requested anonymity because they were private.

The board subsequently met Wednesday and first offered the chairman position to Mr. Redstone’s daughter, Shari. Ms. Redstone, who now is vice chairwoman of CBS and Viacom, declined and nominated Mr. Moonves for chairman of CBS corporation.. The board voted unanimously for the appointment.

“I have been fortunate to work with Les and he has clearly established himself as a creative and effective leader who understands both the challenges and the opportunities that are shaping today’s media landscape,” Ms. Redstone said in a statement. “I am sure he will make a great chair and I look forward to working with him for many years to come.”

Mr. Moonves, one of the most highly regarded TV executives, has been president and chief executive of CBS since 2006. He will continue in those positions.  “I want to thank  Sumner for his guidance and strong support over all these years,” Mr. Moonves said in a statement.

Mr. Redstone controls the voting stock in Viacom and CBS through his private holding company, National Amusements. If Mr. Redstone dies or is found to be incapacitated, his stake in National Amusements is to be held by a trust. Voting control will go to seven trustees. Those trustees include Ms. Redstone and Philippe P. Dauman, chief executive of Viacom.

In a separate statement, Ms. Redstone confirmed that the terms of her father’s trust state that she succeed him as nonexecutive chairwoman at both CBS and Viacom.  Separately, Ms. Redstone had made a deal with Mr. Moonves for him to take on the chairmanship at CBS, according to people briefed on the discussions.

Moonves is one of the nation’s highest paid executives. He saw $57.2 million in compensation in 2014, CBS reported in its proxy. His packages averaged $62.8 million a year in the five years that ended in 2014.  In late 2014, the company extended Moonves’ contract by two years to mid-2019. The agreement included incentives to keep him on board as a “Senior Advisor and/or Producer” for an additional five years after the term ended.

The new CBS chairman is married to The Talk and Big Brother host, Julie Chen.

So, what do you think about Les Moonves position with CBS? With this shift in power at the corporation of CBS, Moonves becomes even more powerful within the industry and more.

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JustSaying
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JustSaying

Corporate politics as I see it.

su0000
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su0000

Without Corporate politics we wouldn’t have Y&R..
It’s the way the game is played, and looks like CBS knows how to play it..

elm51
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elm51

80% of the voting block for viacom & cbs – now that is powerful!

Mary SF
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Mary SF

One of the reasons networks do not have the budget for daytime is because they are paying these over the top salaries to their executives– I”m sorry unless you can cough up golden eggs or your tears are diamonds I just don’t see how one person warrants the kind of money corporations shell out to the few people on the top of their food chain

Jim Preston
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Jim Preston

Here Here I completely and wholeheartedly agree ~

4ever DAYS
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4ever DAYS

That’s why the soaps die, Mary. A small fraction less pay to the big shots would be enough for the soaps to live long after all of us are dead and gone!

He and the rest of them should choke on their filet mignon!!!

Brett
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Brett

Looks like The Talk is safe anyway, sigh……

4ever DAYS
Guest
4ever DAYS

Hey Y&R and B&B viewers, that’s the man who killed GL and ATWT in favor of ‘Let’s Make a Deal’ and his wife’s ‘The Talk.’

Keep watching those replacement shows and soon there will be no more Y&R or B&B.

The head honchos want more money and killing the soaps do the trick unless the alternative programs crumble!

JANET
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JANET

I agree. I lost GL and ATWT so no matter what That is one channel I avoid. I wouldn’t watch the view if it was the only show on all of TV. Plus paying him all that money means the fans can’t have what they want. PBS does the same over pays the top women in their case, so they can cry We need sponser’s. When hell freezes over and the devil wears ice skates.

jaybird369
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jaybird369

4ever DAYS…as far as I’m concerned, the ‘head honchos’ on A-L-L 3 of the networks (ABC, CBS and NBC) don’t care about us soap viewers…or what we want!!!!! I feel that they only care about their own $$$ pockets. BEYOND SAD AND EVEN MORE DISGUSTING!!!!!

Lauren
Guest
Lauren

Wow, what an inflated salary! I agree w/other comments in feeling that NOBODY deserves that type of salary when the network is floundering on money for the programs. Hopefully he gets rid of Jill! Faren Phillips and Angela McDonald!

Days Of Our Lives

Jensen Ackles Shares Heartfelt Message on Death of ‘Rust’ DP Halyna Hutchins: “This Has Been a Tragedy of Epic Proportions”

Former Days of our Lives and Supernatural star, Jensen Ackles (Ex-Eric and Ex-Dean)  took to his Instagram over the weekend to pay tribute to cinematographer, Halyna Hutchins who was tragically killed in New Mexico, on the set of the film Rust in which Ackles co-starred with Alec Baldwin and Frances Fisher. Baldwin is also one of the producers of the film.

Last Thursday, in the initial investigation reports surfaced that Baldwin discharged a “prop gun” leading to the death of Hutchins and injuring director, Joel Souza.  Since that time it has been reported that Baldwin was told by the assistant director, David Halls, that the weapon was a “cold gun” meaning not loaded with live rounds following its preparation by the film set’s armorer, Hannah Gutierrez.  But in his affidavit statement, Halls says he was unaware that the prop gun contained live rounds when it was given to Baldwin for his scene.

The scene Baldwin was rehearsing was inside a church building at the Bonanza Creek Ranch. In new affidavit’s, it was noted that Baldwin was ‘cross drawing’ the weapon and pointing the gun towards the camera lens.

Photo: Getty

A grief-stricken Ackles shared:  “I’m not even sure where to start.  This has been a tragedy of epic proportions that we are all still processing. Earlier last week I felt compelled to tell Halyna just how awesome I thought she was. I told her how incredible I thought her camera shots were and just how exciting it was to watch her and her team work. Truly. She laughed and said thank you and gave me a hug. I’ll forever be thankful we had that moment.  She had a spunk and passion that infected the entire crew from the top down. She was an inspiration. My heart and prayers go out to Halyna’s husband, son and the rest of her family. There just aren’t enough words to express what an immense loss this is. She will be incredibly missed by all of us who knew and admired her.”

Since Hutchins’ death, a video also surfaced of Ackles discussing his concerns for gun safety on the set of Rust at a Supernatural convention in Colorado prior to the tragedy.

Jensen told the crowd: “I’ve got a 6 a.m. call tomorrow to have a big shoot-out. They had me pick my gun. They were like, ‘Alright, what gun would you like?’ and I was like, ‘I don’t know?’ and the armorer was like, ‘Do you have gun experience?’ I was like, ‘A little.’ And she’s like, ‘OK, well, this is how you load it, this is how we check it and make sure it’s safe. “So she’s like, ‘OK, I’m gonna put some blanks in there and I want you to just go and fire off a couple rounds towards the hill.’ And I was like, ‘OK.’ So I put the belt on, I put the gun there, and I walked out and she’s like, ‘Just make sure that you know, you pull the hammer all the way back and you aim at your target.’ And I was like, ‘OK, I got it.’  The footage was originally on You Tube, but now has been taken down.

The investigation remains and open and active on what occurred on the set of Rust, according to the Santa Fe New Mexico Sheriff’s office.

So, what do you think about Jensen’s tribute in the wake of the Rust tragedy? Comment below.

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General Hospital

GH’s Chad Duell and Y&R’s Courtney Hope Tie the Knot in Steampunk Style Wedding in Front of Castmates and Loved Ones

Overnight, images began to circulate, as well as plenty of congratulations abound, for General Hospital’s Chad Duell (Michael) and The Young and the Restless’ Courtney Hope (Sally) as the two officially became husband and wife on Saturday night.

As we previously reported, the couple were set for their nuptials this weekend, and from what has been posted, Chad and Courtney had a steampunk-themed and styled wedding, and both wore red.

Many of their castmates and colleagues were in attendance including: General Hospital’s Maurice Benard (Sonny,), Laura Wright (Carly), Wes Ramsey (Peter), Eden McCoy (Josslyn), Katelyn MacMullen (Willow), and series executive producer, Frank Valentini, The Bold and the Beautiful’s Katherine Kelly Lang (Brooke), Annika Noelle (Hope), Patrika Darbo (Ex-Shirley) and Katrina Bowden (Flo), and The Young and the Restless’ Tracey Bregman (Lauren), Hunter King (Ex-Summer), and more.

The outdoor evening nuptials held in Malibu, California were shares on Courtney Hope’s Instagram story, and Laura Wright also posted several photos of the attendees on her IG.

Photo: Pinterest/IG

Pictured with Eden McCoy and Wes Ramsey, Wright enthused on the big night for her TV son, Chad Duell: “Tonight was an amazing night #TilDeath #GHBaby #Dope #Daytimefamily #steampunk”

In addition, Katherine Kelly Lang posted the first dance of newlyweds, Chad and Courtney, on her IG. 

Now, share your congratulations to Chad and Courtney via the comment section below.

 

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A post shared by Laura Wright (@welcometolaurasworld)

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Days Of Our Lives

DAYS Billy Flynn and Wife Gina Comparetto Expecting Their First Child

Congratulations are in order to Days of our Lives’ Billy Flynn (Chad DiMera) and his wife, actress, Gina Comparetto, on the news that the couple are expecting their first child!

The duo wed back in 2016, and now in a series of beautiful Instagram posts on Comparetto’s account, Billy and Gina shared the news publicly of their baby on the way with some photos to mark the occasion.

Gina expressed: “First comes love, then comes marriage, then comes 👶🏼…. Thank you to my dear, talented friend @jessieco_photo for taking these beautiful photos of us. We will cherish them forever and we love you! ❤️. Thank you @makeupmaryann for the gorgeous, 60s-inspired hair & makeup that you did! You’re truly the best! ❤️

Then, in a another set of photos it simply says: “Mom & Dad 💘” while Billy and Gina look over the book “What to Expect, When You’re Expecting.”

In the newest post, their are more adorable pics this time stating: “Party of 3 ❤️”

You can check all of them out below.

Share your well-wishes for Billy, Gina and the incoming newest addition to their family via the comment section.

 

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A post shared by Gina Comparetto (@ginacomparetto)

 

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A post shared by Gina Comparetto (@ginacomparetto)

 

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A post shared by Gina Comparetto (@ginacomparetto)

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Video du Jour

DAYS head writer, Ron Carlivati talks with Michael Fairman on the creation and the making of the limited-series “Days of our Lives: Beyond Salem” currently streaming on Peacock. Leave A Comment

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Laura Wright as Carly

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Airdates: 9-9/10- 2021

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