The media has oversimplified the decision by Paramount to stop selling its shows to Showtime! You see, Paramount is Viacom’s movie studio, while Showtime is CBS’s premium channel, and the two were getting along so well ever since Viacom and CBS went their separate ways, but now Paramount is teaming with MGM and Lionsgate to create a new premium channel.

Les Moonves, who heads CBS, played nice in press reports with Viacom chief Philippe Dauman. Moonves’ deputy, Showtime chief Matthew Blank, told the Times, “We wish them well.” Dauman not-so-blandly opined, “It’s our responsibility at Viacom to drive our strategy to benefit our shareholders.”

But now one newspaper is fueling rumors all this backroom dealing is a move to try to oust Moonves! CAN YOU BELIEVE?

Corporate daddy Sumner Redstone, who chairs both Viacom and CBS, is said to be unhappy with CBS’s crappy stock performance. Or at least those are the rumors Dauman’s been able to plant, as he eyes the throne of octogenarian Redstone, who, despite his misgivings, must leave this earth, and his companies, at some point.