Moonves Said to Have Mulled Time Warner Deal as CBS Plots Future

CBS Corp. Chief Executive Officer Les Moonves has been preparing for the future -- and how Time Warner Inc. might be part of it.

Moonves and his counterpart at Time Warner, Jeff Bewkes, discussed the idea of combining their companies in meetings last year, three people with knowledge of the matter said. Bewkes wasn’t interested, said two of the people, who asked not to be named because the discussions were private.