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    USC Annenberg suspends use of Moonves’ name on media center

    By SHOOTUpdated:No Comments1720 Views
    In this Sept. 19, 2017 file photo, Les Moonves, chairman and CEO of CBS Corporation, poses at the premiere of the new television series "Star Trek: Discovery" in Los Angeles. (Photo by Chris Pizzello/Invision/AP, File)
    LOS ANGELES (AP) --

    he USC Annenberg School for Communication and Journalism will temporarily suspend the use of the media center's name: The Julie Chen/Leslie Moonves and CBS Media Center.

    In a statement Wednesday, Dean Willow Bay says, "In recognition of the sensitivities surrounding recent allegations against Mr. Moonves, he and Ms. Chen have requested that USC Annenberg temporarily suspend use of the media center's name until the investigation concludes."

    In an article last week in The New Yorker, six women alleged sexual harassment or misconduct by the CBS Corp. CEO between the 1980s and late 2000s.

    Moonves acknowledged making advances that may have made women uncomfortable but said he never misused his position to harm or hinder anyone's career.

    The state-of-the-art media center's name was changed in 2015 after a pledged gift from CBS, University of Southern California alumna Chen and her husband, Moonves.

    Moonves' alma mater, Bucknell University, has also removed some references to him on its website.

    Tags:Julie ChenLes MoonvesUSC Annenberg School for Communication and Journalism



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

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