Moonves says CBS can weather strike

As he reported Q3 results for CBS Corporation yesterday, CEO Les Moonves said serious negotiations with the Writers Guild of America were continuing and he hoped that an agreement would be reached soon. "But make no mistake, we are prepared. We have a full slate of new, first-run programming ready to go, both now and at mid-season. Our dramas and comedies repeat extremely well. The bottom line is this: In the event of a strike, we're fully prepared to offer alternative programming options and we would anticipate no material impact on the company for the remainder of the television season," Moonves said confidently in his conference call with Wall Street analysts.

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