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Though many in the Republican Party are dismayed by the ascendency of GOP front-runner Donald Trump, CBS Corporation CEO Les Moonves says it has been great for business.

Moonves said during an investor presentation this week that the amount of cash that CBS stood to gain from the GOP primary cycle is "pretty phenomenal," and said he's especially pleased that so many candidates decided to run.

"The more they spend, the better it is for us. And go Donald! Keep getting out there!" he said to laughs from his audience.

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