GREEDY

CBS CEO: Trump's Candidacy Has Been Good for Us

Danny Moloshok/Reuters

CBS chief executive officer Les Moonves arrives at the premiere of CBS Film's "Extraordinary Measures" at Grauman's Chinese Theatre in Hollywood, California, January 19, 2010. The film was the first film to go into production for CBS films and it opens in U.S. theaters on January 22.

While Donald Trump's rise as the likely Republican presidential nominee may frighten a lot of people, it certainly makes CBS News chief executive Les Moonves happy. During his Monday morning remarks at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, Moonves said of the Trump candidacy: "It may not be good for America, but it's good for CBS." He touted the increased ad revenue from media coverage of Trump and his antics: "Donald's place in this election is a good thing." He added that the campaign, thus far, has been a "circus" full of pure mud-slinging: "Most of the ads are not about issues. They're like the debates."