Music Wire: Les the music mogul

It looks as if CBS boss Les "Love Boat" Moonves wants to give everyone a run for their money. First he announced that he was going into the movie business, now comes news that he will slide into the music business as well with the re-launch of CBS Records, a label once ruled by music bigs like Clive Davis and Tommy Mottola. CBS Records aims to market its artists and their music in television shows produced by CBS Paramount Television and aired across several broadcast and cable networks, including CBS, The CW, NBC and USA Network, New York-based CBS Corp. said Thursday. "With more consumers choosing the online download model as the preferred way to purchase their favorite songs, we have an opportunity to use our unique and broad collection of media platforms to create a new music label paradigm for a small price of admission," Leslie Moonves, president and chief executive of CBS Corp., said in a prepared statement. Wait so who will be running this operation? Come on Les name names. CBS Corp. revives namesake music label [AP]