CBS Corp. CEO Les Moonves was asked at the company annual meeting Tuesday about whether the network has considered a business news channel.
Of course, the question was asked by gadfly Evelyn Y. Davis.
Georg Szalai of The Hollywood Reporter writes, “Among the investor questions, shareholder activist Evelyn Davis asked why CBS hasnâ€™t launched a financial news channel.
“‘We have explored it,’ Moonves replied. ‘Right now the market is way too crowded.’
“He also pointed to the companyâ€™s online offerings in the financial space.”
Read more here.