Well.... It's Not Like We Didn't Tell You


Back in February, FTVLive reported that CBS was showing interest in buying CNN.

A number of people said our report was off the mark and that CBS had "absolutely no interest in CBS."

Well, we hate to say we told you so (no we don't) but, CBS head Les Moonves told reporters at the Television Critics Association event in Beverly Hills, that CBS  IS interested in buying CNN.

Estimated value of the cable news network, based on a typical multiple of 12 to 15 times earnings for media assets, could go for as much as $10 billion.

Of course if it keeps going the way Jeff Zucker is taking it, that price could be much lower.

Stay tuned.... 

H/T Bloomberg