CBS Corp. CEO Leslie Moonves said the company will not merge its news operations with Time Warner's CNN. Although CBS Corp. is open to collaborations with CNN, he said that nothing manageable has emerged from multiple discussions, Broadcasting & Cable reported Monday.

Time Warner has also discussed a partnership with rival broadcast network ABC, he said.

Like most companies, in the face of the economic recession, Moonves said that the amount of advertising bought is expected to decrease. However, he also said he expects price increases compared to last year, according to Broadcsting & Cable.