CBS president and CEO Les Moonves just picked up a little place for his weekends.

After Moonves trumped the CNN upfront presentation with the announcement that the network has hired Stephen Colbet, Moonves celebrated by buying a beach house.

Page Six says that Moonves has bought Microsoft co-founder Paul Allen’s home on Malibu’s prestigious Carbon Beach AKA “Billionaires Beach” for $28 million.

Allen bought the gorgeous, white-walled and glass modern oceanfront house for $25 million in 2010.

But a source said Allen “hated the sound of the ocean” because it kept him awake at night and spent very little time there.

Moonves already has a Holmby Hills mansion, which he’ll keep, and use the beach house as a weekend retreat.

FTVLive is headed out on a Weekend retreat, but we're staying at a Motel 6.

I knew I should have been a network president.