Les Moonves: "Only The Special Soaps Will Survive"
Fans who just loved hearing Les Moonves talk about As The World Turns being cancelled on CNBC, get ready for more. Speaking with The New York Times, the CBS chairman weighs in on the status of daytime television.
Is it the end of an era? Sort of. Only the special soaps are going to survive. It’s certainly the end of the client-owned soap. All good things come to an end, whether it’s after 72 years or 54 years or 10 years. It’s a different time and a different business.
Client soaps huh? So what does that mean for the Bell/Sony owned The Young and the Restless and The Bold and the Beautiful? I guess that's the billion dollar question...