Media Executive Praises President Trump’s Deregulation Plan
$DIA, $SPY, $QQQ, $VXX, $CBS
Les Moonves, the CEO of CBS, praised Donald Trump’s plans for business deregulation, but defended the media against the President’s attacks, THR reported Tuesday.
“Although we’re not the enemy of the people, we welcome the deregulation,” Moonves said.
And Deadline Hollywood noted deregulation “could include a lift in the cap restricting the number of TV stations a company can own.”
Mr. Moonves pointed out that President Trump has also been good for CBS programs like Stephen Colbert’s Late Show.
“Stephen Colbert’s kind of humor is clearly working now,” he said. “Obviously, Stephen is a big social commentator and the things that are going on in the country with the president . . . people want to see social commentary, they don’t want to see fun and games.”
Mr. Moonves said last year Donald Trump’s Presidential campaign “may not be good for America, but it’s damn good for CBS.”
He later clarified that comment, saying it was in response to a question about local political ad spending and not ratings.
Tuesday, the US major stock market indexes finished at: DJIA -29.58 at 20924.76, NAS Comp -15.25 at 5833.94, S&P 500-6.92 at 2368.37
Volume: Trade on the NYSE was below average with 944.9-M/shares exchanged.
- NAS Comp +8.4% YTD
- DJIA +5.9% YTD
- S&P 500 +5.8% YTD
- Russell 2000 +1.3% YTD
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