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CBS CEO Moonves says eyes international expansion

NEW YORK
Thu Mar 13, 2008 11:00am EDT
In this file photo Les Moonves, President and CEO of CBS Corporation, speaks at a forum titled ''Beyond Primetime, will media help grow healthier kids'' in New York February 6, 2007. Moonves on Thursday said he ''wouldn't be surprised'' if about 20 percent of the media firm's business were generated outside of United States in 3-5 years. REUTERS/Chip East

NEW YORK (Reuters) - CBS Corp Chief Executive Les Moonves on Thursday said he "wouldn't be surprised" if about 20 percent of the media firm's business were generated outside of United States in 3-5 years.

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Currently CBS generates about 10 percent of its revenue outside of the U.S., less than many of its big media peers.

"We're much more domestic. We'd like to expand internationally," Moonves said at the McGraw-Hill-sponsored Media Summit in New York.

(Reporting by Kenneth Li, writing by Franklin Paul, editing by Gerald E. McCormick)
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