During a presentation at the 38th annual UBS global media conference in December, CBS president and CEO Leslie Moonves explained he was hesitant to close on any deals with online video providers. He said that he was counting on original content to give the company more leverage in potential deals with content distributors and online media platforms. "People want our content," he said. "We are going to take our time making the right decision. Caution is a not a bad thing here" Moonves said he was keeping his eye on the trends in the television sector and that he wanted to take his time and evaluate his options. CBS shares are down more than 1% in late afternoon trading on Friday to around $19.25. -- Written by Theresa McCabe in Boston. >To contact the writer of this article, click here: Theresa McCabe. >To follow the writer on Twitter, go to @TheresaMcCabe. >To submit a news tip, send an email to: email@example.com.