CBS announced today that it has extended the contract agreement it has with Leslie Moonves, President and CEO, CBS Corporation. Moonves, who was originally scheduled to continue on in his current position through June 30, 2017, will now oversee the corporation through June 30, 2019. At that point he will become an executive advisor for an additional five years, and will have the option to establish a production company under CBS' auspices, the company said.
When David Letterman announced his retirement from late night television earlier this year, there were only two things known by year's end: Letterman would retire in 2015 and he would be succeeded by "The Colbert Report's" Stephen Colbert. CBS and Worldwide Pants Incorporated, Letterman’s production company, announced today that Letterman will host his final "Late Show" on Wednesday, May 20, 2015.
CBS Corporation and Time Warner Cable (TWC) have been embroiled in a carriage dispute since the expiration of their contract on June 30, and as a result the two sides gave Wednesday, July 24 as their deadline to come to an agreement before millions of CBS viewers were left in the dark. Thankfully, the two companies continued discussions and were able to extend their deadline several times since. Last night was the latest scheduled deadline, but both parties failed to come to an agreement yet again and have now set Friday, August 2 at 5:00 PM ET as the next deadline. The extension occurred nearly a half hour after TWC blackened CBS programming in various markets.