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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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Corporate politics as I see it.

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..

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

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

Here Here I completely and wholeheartedly agree ~

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!!!

Looks like The Talk is safe anyway, sigh……

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!

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.

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!!!!!

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!

General Hospital

GH’s Adam J. Harrington on Being a Recast John “Jagger” Cates: “There is No Way I Can Even Touch What Antonio Sabato Jr. Did With the Role in the Past … If They Are Going My Way They Were Going to Take This in a Different Direction”

General Hospital fans were recently in for a shock when a new man arrived in Port Charles who went by the name of John Cates. As it turns out John Cates used to go by the nickname of “Jagger” and had lived in the town many years ago.

That’s because actor Adam Harrington was recast in the role of FBI Cates. The part was originally made soap-famous in the 90’s by Antonio Sabato Jr. “Jagger” appeared on the ABC daytime drama series from 1992-1994 and then in its spinoff GH: Night Shift in 2008 before the character left Port Charles with his young autistic son. “Jagger” was also the older brother to the late Stone Cates (Michael Sutton).

Now in 2024, GH has brought the character back and Adam J. Harrington is on contract with the series. The actor spoke to Soap Opera Digest about the obvious difference in look and take on the role than “Jagger’s” original portrayer, Antonio Sabato Jr.

Photo: ABC

Adam expressed: “My take on it was that it’s been 30 years; they obviously wanted to take this in a new direction and see what they could do with this storyline. And I also thought, ‘There is no way I can even touch what Antonio Sabato, Jr. did with the role in the past.’ Although I know it would be jarring for fans, in some ways, I was very happy that I didn’t look like I was going to try to mimic or echo at all what they had done with that storyline.”

Chiming in on replacing an actor in a role made soap-famous by someone else, Harrington added, “Obviously, if they’re going my way, they were going to take this in a different direction with so much time having passed. TV is immortal and still very much fresh in people’s minds, but like I said, I took the recasting and looking so obviously different as them saying, ‘Okay, we’re going to take this in a different direction and we are not trying to replace or touch what was originally a beautiful story.”’

Previously, Sabato Jr. had a few things to say about not being asked back to reprise his signature role for more than 30 years by the ABC soap opera.

Photo: ABC

As to just who this new version of John Cates will be romantically linked with, fans are seeing a spark between he and Jordan (Tanisha Harper), or could he wind up with Anna (Finola Hughes), or another lady on the canvas? “I think there is an element here of him coming to town, throwing a new guy into the mix,” Harrington shares.”We’ll see who he quote-unquote bonds with and who he doesn’t.”

Photo: ABC

So what do you think of the recast John “Jagger” Cates? Do you like where the show is taking the character? Do you appreciate Adam’s candor on acknowledging what Antonio Sabato Jr. did with this role in the past? Comment below.

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Y&R Reveals Cast In ‘Nikki Newman Through The Years’ T-Shirts in Honor of Melody Thomas Scott’s 45th Anniversary

Tuesday, February 20th marks the 45th anniversary of Melody Thomas Scott’s debut as Nikki Newman on CBS daytime’s The Young and the Restless.

In honor of the occasion, the official Y&R social media handle on Instagram released a video of many of Melody’s castmates wearing custom-made Nikki Newman t-shirts. The celebratory shirts had images of Nikki Newman through the years and her various looks.

Participating in the video were Melody’s castmates, Hayley Erin (Claire), Mark Grossman (Adam), Amelia Heinle (Victoria), Melissa Ordway (Abby) and Eric Braeden (Victor). Melody’s TV son, Joshua Morrow kicked things off acknowledging her milestone.

Courtesy/Y&R

Morrow expressed: “To my mama, Melody Thomas Scott, celebrating a huge, huge, huge anniversary, an absolute icon on this show. What better way to celebrate you than with these incredible T-shirts, looking at all your best looks. We love you, the whole world loves you, and you deserve everything. Love you, Mama.”

Photo: JPI

Thomas Scott spoke with Soaps.com on her anniversary, sharing, “I’m so fortunate to have a job where I get to do what I love to do and need to do every day and be paid for it.” She added, “My life is heavenly. I’d like to think that I’m a better performer these days than my talent test (in 1979).”

Check out the cast celebrating Melody Thomas Scott’s Y&R 45th anniversary while donning some their ‘Nikki t-shirts’ below.

Now, share your congrats to Melody on 45 years and still going strong on The Young and the Restless via the comment section.

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General Hospital

Steve Burton’s Ex-Wife Sheree Gustin Gives Birth to Her Fifth Child, Weeks After Their Divorce Was Finalized

Sheree Gustin, the ex-wife of General Hospital star, Steve Burton (Jason Morgan) welcomed her newborn daughter into the world on February 16th. The little one who’s name is Addy Jay weighed in at 5 lbs., 5 oz at the time of her birth. This is Gustin’s fifth child.

Gustin’s partner, who was in an Instagram story with her and their baby, remains unidentified. This is the second child of Gustin’s within a year or so of each other, that is not the biological child of Burton’s. She previously had daughter Isabella back in February of 2023.

The news of the arrival of Addy Jay comes on the heels of Burton finalizing his divorce from his former wife of 23 years back in December of 2023.  In the divorce settlement, Steve and Sheree have joint legal and physical custody of their minor children. Brooklyn, 8, and Jack, 17. The two also share a daughter McKenna who is 20.

Photo: ShereeLynnIG

Burton originally filed for divorce in July 0f 2022. In court documents, the two separated in March of that year as Burton cited “irreconcilable differences.” When Sheree announced the impending birth of her fourth child, Burton took to his Instagram and clarified, “She recently announced that she’s expecting her 4th child. The child is not mine. We are still co-parenting our three beautiful kids. We would appreciate privacy at this time. Much luv, Steve.”

Photo: SBurtonIG

Gustin, who is a fitness guru, now goes by Sherrie Lynn on her official Instagram account. Since her divorce from Burton, and the births of her most recent children, Sherrie has not addressed the situation publicly.

Meanwhile, General Hospital fans are anxiously awaiting Burton’s return as Jason Morgan on the ABC soap opera with his first episode back slated for March 4th. Just how Jason will be revealed to be alive after a cave collapsed on him, and he was believed to have died, is one of great mystery for soap fans.

So, share your thoughts on the news of the birth of Sheree’s fifth child Addy Jay via the comment section below.

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Peter Reckell returns for a second visit with Michael Fairman following the wrap-up of his recent run as Bo Brady on Days of our Lives.Leave A Comment

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