CBS Boss: Nixing Sheen’s Show Saves Money, for Now

President of CBS Leslie Moonves (Photo: Isaac Brekken/Getty Images)

President of CBS Leslie Moonves (Photo: Isaac Brekken/Getty Images)

LOS ANGELES – CBS Chief Executive Leslie Moonves is shrugging off the effect of cancelling Charlie Sheen’s popular sitcom “Two and a Half Men.” In fact, he says the move is saving money.

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Moonves told an investors conference in San Francisco on Tuesday that stopping production on the final eight episodes of this season is “financially a gainer.”

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He says reruns take in less advertising revenue, but not making new episodes saves CBS Corp. a lot of money, at least in the short term. Monday night’s repeat was still popular — it was the top-watched show of the night.

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As for Sheen’s public pronouncements, Moonves said, “I wish he would have worked this hard to promote himself for an Emmy.”

He said, “I hope it’s back. We’ll see.”

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