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Moonves Extends Deal at CBS

MoonvesChief executive Leslie Moonves renewed his contract with the company and will remain head honcho until February, 2015, according to the Los Angeles Times. Although this new deal doesn’t include a raise, Moonves is still eligible for bonuses, such as the $9.5 million bump he received in 2008. Incentives are present to keep Moonves on good terms with the company, a CBS representatives told the paper.

Read the full story at the Los Angeles Times.

Pictured: CBS President Leslie Moonves (Photo courtesy of Getty Images).

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