CBS inked pres/CEO Les Moonves to a new employment agreement, extending his tenure through Sept ’11 with a $3.5mln annual salary and a one-time option to purchase 5mln shares of CBS Class B Common Stock. — Fox Reality promoted Noel Siegel to vp, production and development. — Discovery Comm appointed Douglas Craig svp, digital media operations. — Comcast Interactive Media named former Turner Sports exec Scott Bailey svp/GM, Comcast.net.

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Internet Project Loon Pops

Google parent Alphabet pulled the plug on Loon , a network of stratospheric balloons designed to bring internet to rural and

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