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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!

All My Children

Mark Consuelos Celebrates One-Year Anniversary as Co-Host of ‘Live’ Alongside Kelly Ripa

Today, April 17th marks a full-year since Mark Consuelos (ex-Mateo, All My Children) took over the co-hosting duties of ‘Live” alongside his wife, and longtime co-host, Kelly Ripa (ex-Hayley, All My Children).

Consuelos replaced Ryan Seacrest who are six seasons decided to be back on the west coast full-time. For Consuelos, now having the opportunity to work off of Ripa as co-hosts has been something of adjustment for him, but viewers have been eating it up.

Live with Kelly and Mark has remained the No. 1 entertainment talk show on television over the past year, growing 3% in average total viewers to 2.23M per episode.  It is also the most-watched daytime talk show in the last year in key demos of women 18-49 and women 25-54. All of this, since the real-life marrieds teamed-up.

Photo: ABC

Speaking with Deadline, Kelly Ripa shared why the two are gelling on-screen, “I do think that there is something very possibly relatable about our relationship. We have disagreements like a normal couple, and we’re not afraid to let them unfold on the air and in front of America, and I think people find a lot of themselves in that.”

Mark weighed in how he has progressed as a host, and what he could improve at, sharing, “I’d like to get better at my interviewing skills. I’d like to get better at reading a teleprompter…I think I’m getting better at throwing to commercial. The other day in the middle of the show as we go to commercial, my sign off was ‘See you guys around.’ I mean, the show wasn’t over. The most obvious thing to say would be, ‘We’ll be back right after this.’ But I just said, ‘See you around.’ So we went to commercial and one of the producers (goes) ‘What was that?’ I don’t know… So for the next few sign offs, as a joke, I’d say ‘See you around.’ We got a kick out of it.”

Photo: ABC

Meanwhile, Kelly has given huge props to Mark, “I find Mark utterly compelling, really interesting, super funny, and he’s bold in a way like nobody else. He says what’s on his mind. If he’s thinking it, he says it.  I’ve done this a long time and oftentimes people will adjust their natural personalities to pander to what they think the audience wants to hear, and Mark will tell people what he thinks, and he doesn’t care if it’s not a popular opinion. It gives him an edginess that I think is really missing in the landscape today. Everybody’s so afraid to say anything, and Mark is unafraid to say exactly what he’s thinking.”

In a statement, Debra O’Connell, President News Group and Networks, Disney Entertainment shared, We could not be more thrilled with how Mark has seamlessly joined the show family as permanent co-host. His undeniable charisma and his and Kelly’s natural chemistry are evident as they deliver the laughs and smiles to our viewers each morning. We are incredibly proud of how Live has continued to evolve and that the audience is responding so enthusiastically.”

So, do you think Mark Consuelos is the best co-host his wife Kelly Ripa has ever had on ‘Live’? How would you say he is doing as co-host after one full year on the job? Comment below.

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Days Of Our Lives

DAYS Alum Tanner Stine to Appear in ‘Monsters: The Lyle and Erik Menendez Story’ Starring Nicholas Chavez

Another face familiar to daytime fans has already boarded Ryan Murphy’s limited series, Monsters: The Lyle and Erik Menendez Story which stars General Hospital favorite, Nicholas Chavez (Spencer Cassadine) in the role of Lyle.

Tanner Stine who played Kayla (Mary Beth Evans) and Steve’s (Stephen Nichols) son, Joey Johnson on Days of our Lives will also appear in the series.

In ‘Monsters’, look for Stine to portray the role of Perry Berman, who was Lyle and Erik’s friend and former tennis coach. In the story, Perry found himself at the epicenter of the murder mystery when he had accepted a phone call from Lyle shortly before the brutal murders of Jose and Kitty Menendez.

Photo: JPI

Other previously announced castings included: Cooper Koch (who plays Erik), Javier Bardem and Chloë Sevigny as parents Jose and Kitty Menendez, Nathan Lane as Dominick Dunne, Ari Graynor as Leslie Abramson, and Leslie Grossman as Judalon Smyth.

Photo: IMDb

In the series, the two wealthy brothers stand trial for shooting their parents in Beverly Hills, amid claims of self-defense after years of abuse, while prosecutors alleged that greed was the motives for the killing. Lyle and Erik Menendez have been behind bars in California for more than three decades for the 1989 killing of their parents.

Monsters: The Lyle and Erik Menendez Story will debut later in 2024 on Netflix.

What do you think about Tanner Stine being part of the all-star cast for ‘Monsters’? Miss Joey on Days of our Lives? Comment below.

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News

Soap Vet Christopher Cousins to The Young and the Restless

Looks like Ashley (Eileen Davidson) may get some much needed help, or assistance in shedding light on what caused her to have a massive personality split as her DID condition continues to spiral.

Casting news from The Young and the Restless has veteran actor, Christopher Cousins set to make his debut in the role of Alan Laurent, a psychiatrist and friend of Ashley’s from her time in Paris.

Look for Cousins to appear over multiple episodes beginning with the Tuesday, April 30th episode of the top-rated daytime drama series.

Photo: JPI

Christopher should look very familiar to soap fans having appeared on Another World, As the World Turns, One Life to Live in his most memorable role as Cain Rogan from 1991-2008, and most recently back in 2020 as Dr. Warren Kirk on General Hospital.

Photo: JPI

The actor has a long and extensive list of TV and motion pictures outside of the soaps as well, including: The Resident, UnREAL, Bosch, Vampire Diaries, to name but a few.

What do think about the casting of Christopher Cousins to be a part of Ashley’s DID storyline? Comment 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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Eileen Davidson as Ashley

The Young and the Restless

Airdate: 4-12-2024

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