MVPDs Losing Subscribers Is Good for CBS All Access, Moonves Tells Investors

Comcast and Dish Network losing subscribers is good for streaming services like CBS All Access, CBS CEO Les Moonves told investors Thursday. Cord-cutters end up migrating to streaming offerings like All Access, Wells Fargo analyst Marci Ryvicker emailed investors earlier in the day. MVPD consolidation hasn’t “impacted” retransmission consent fees, Moonves told a Goldman Sachs conference. He believes Sinclair's buy of Tribune will be approved, and CBS will look at expansion opportunities in American Football Conference markets such as Houston and Cleveland. Moonves believes CBS’ TV business is “strong,” a spokesperson confirmed. CBS will renew its NFL rights in 2022, and Moonves expects Amazon and Google to bid on the digital rights, Ryvicker wrote.