CBS’s Moonves a Fan of Money-Losing Tony Awards

New York Post: In the early 2000s, when TV ratings for the Tony Awards seemed perennially stuck in the basement, Broadway fretted that CBS might ditch the telecast. And then, word came down from CBS chief Les Moonves: “As long as I’m here, the Tonys will be here, too. The show is a money-loser for CBS, but there are certain things that are more important than making money.”