CBS chief Les Moonves pretty much accused Fox this morning of spoiling the advertising upfront season for the broadcast networks by failing to hold out for higher prices. CBS is angling for increases of about 18% vs last year in the price advertisers pay to reach 1,000 viewers. But Fox, which cut the first major ad deals this year, is said to have settled for about 10%. ”Fox plays their game. We play our game, and I like our game,” Moonves told analysts at the Nomura Securities U.S. Media Conference. ”We’re not going to sell at 9% or 10%.” Maybe not. But while CBS digs in its heels, the smart money is betting that it will have to settle for a lot less than Moonves wants. Although many of the biggest ad deals have yet to close, the word in advertising circles is that ABC has agreed to low-double-digit percentage price increases for some of its spots. A lot could change over the next few days, though. Networks and advertisers appear to be in the home stretch of their negotiations, leading some to believe that the upfront dealmaking could wrap up within the week.
In other news, Moonves told the investor group that CBS will not make an offer next week to land broadcast rights to the 2014 Olympic Winter Games in Sochi, Russia, and the 2016 Summer Games in Rio De Janeiro.

who’s the greedy one here..fox doesn’t want to gouge their advertisers..shame on him…gouge the advertisers it just causes the consumer to be gouged..trickle down remember..
Gordon Gecko is running CBS.
ABC and NBC ain’t got nothin’ to say about CBS and Fox.
CBS WILL GET WHAT THE MARKET CALLS FOR. TAKE IDOL AWAY AND FOX DOESN’T HAVE A DECENT PROGRAM IN ITS LINEUP. DO YOU THINK FOX IS GIVING IDOL AND XFACTOR AWAY? I THINK NOT. THEY DON’T DESERVE MORE THAN WHAT THEY GOT.
HAVE YOU GUYS WRITTEN TO HOLLYWOOD ABOUT THEATRE PRICES? NOW THERE’S A SCALPING FOR ABOUT 75% DRECK ALONG WITH 3D SCALPING.
Last time I checked price fixing is against the law. Good job Moonves.
Les must need a bigger bonus next year.
“Les must need a bigger bonus next year”
Please, change “must need” to “Les WANTS a bigger bonus next year”…and, bullseye!
good to hear Fox did not participate in “price fixing”! Statist freaking media!
Les Moonves is a good guy as is Brian Hawk.
What, he has to check with Fox before charging, to make sure they’re each equally high? Isn’t price fixing illegal? Am I missing something here?
Isn’t Les Moonves basically admitting to collusion? He’s implying that the major networks all act as one to get the steepest increases possible, thereby eliminating a competitive environment. That’s against the law buddy. At the very least, it’s unethical.
What a friggin’ creep.
Wait, did Les just publicly berate Fox for not going along with a price fixing scheme?
Wow… what school of business did this guy graduate from again? My condolences to the family of his lawyer, who probably just died of a massive heart attack.
meeting a market price is not price fixing – it’s meeting a market price. Everyone knows the price of gold and of oil – and those markets are inarguably competitive. Price fixing is an agreement to limit competition, while obviously these guys can’t agree on anything.
“Price fixing is an agreement to limit competition”
Which is exactly what Fox *didn’t* do, by undercutting the other networks. Market price is completely subjective here, just like oil and gas. If one gas station chain decided tomorrow to undercut the competition by selling their gas for 20 cents less per gallon, that would be the very definition of “competition,” and is basically what Fox did. In one stroke, they earned good standing with the advertisers while making Les look like a greedy asshat. Personally, I find it encouraging, as it would seem the days of networks marching lockstep when it comes to upfront sales are over, and that’s good news for my sector of the industry.
Isn’t it annoying when old people leave the CAPS on? Just like a CBS viewer.
NO. IT’S NOT ANNOYING.
Well this just confirms what I’ve been thinking all along.
Les Moonves is the Donald Trump of network television.
This upfront is going to be yuuuge!!! The biggest upfront ever! And mine (CBS) is the yuuugest one of all!!
Seriously. What a blowhard.
Enjoy your moment in the sun while it lasts.
All network tv advertising is massively overpriced.