Moonves: CBS prepared for strike

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NEW YORK -- CBS Corp. told Wall Street on Thursday that it was ready in the event of a writers strike.

"We are prepared," CBS CEO Leslie Moonves said Thursday afternoon in a conference call to discuss earnings. "We have a full slate of new, first-run programming ready to go, both now and midseason.

Moonves added: "We're fully prepared to offer alternative programming options, and we would anticipate no material impact on the company for the remainder of the television season."
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