CBS chief downplays crisis facing TV business

Just about everyone is dumping on broadcast TV -- except Leslie Moonves. At the UBS media conference this week, NBC Universal's Jeff Zucker said the broadcast model simply doesn't work anymore. Walt Disney Co CFO Tom Staggs called ABC "one of the more challenged businesses we have." Cable powerhouse Turner presented research that shows the broadcast season is off "to its worst start ever." "I'm here to tell you the model ain't broken," CBS Corp. CEO Moonves countered Wednesday at the UBS gathering in New York. "You can still make a lot of money in network television. We like 10 o'clock shows." This year, only CBS has shown any kind of life in the ratings, with the lone genuine scripted hit and only modest declines in adults 18-49, viewers and adults 25-54. ABC, NBC and Fox are down sharply.