Hollywood news banter

Matt Belloni, executive editor of the Hollywood Reporter joins Kim Masters to discuss top entertainment news stories of the week.

• Steven Mnuchin, Trump's pick for Treasury Secretary, is a Hollywood money man with a hit-or-miss history in the film industry.

• For the first time in the Television Critics Association press tour history, executives from the big 4 broadcast networks are skipping out on the upcoming January gathering.

• But then, after hearing from many TV critics, Fox backtracked and said they would send executives to January's press tour after all.