Why Les Moonves doesn’t care the Tony Awards are a ‘money-loser’ for CBS

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, to the relief of the theater industry, word came down from CBS chief Les Moonves: “As long as I’m here, the Tonys will be here, too.”