CBS may acquire The Weather Channel

CBS president and CEO Leslie Moonves said that they are financially in good shape to go for some purchase that could fit into the CBS Corporation’s collection of television programming assets. Leslie Moonves was briefing the news men at McGraw-Hill’s Media Summit Thursday morning in New York. He also indicated that they are targeting for content companies and media groups like Facebook and The Weather Channel, both would fit into CBS. He did not elaborate if CBS entered the bidding for The Weather Channel. Not so much debt to mention CBS has $2 billion cash reserves to go for acquisitions.