CBS chief Les Moonves famously cheered “Go Donald!” during an investor call in December, and in February said Donald Trump’s campaign “may not be good for America, but it’s damn good for CBS.”

Now he’s found a new way to celebrate the Trump run.

Countering concerns in the media industry that Trump may not spend as much campaign money on TV commercials as a traditional major-party nominee, Moonves is pointing with delight to all the money down-ballot Republicans will spend to distance themselves from their party’s standard-bearer.

“There may be some Republican candidates that — local senators and governors — who are going to have to spend more money, because let’s put it this way, they may not be absolutely in sync with the national ticket,” Moonves said at the Deutsche Bank Media, Internet & Telecom Conference last week. “So there may be more money that way.”

Moonves reaffirmed that the 2016 campaign season is still set to be a “record-breaking” year for political spending on TV.

“I’d be surprised if we don’t see a new high-water mark,” he said. “This is a pretty interesting year. I’m going to be careful what I said because I got in trouble last week for saying something that got misconstrued about Mr. Trump. All I said was he’s very good for ratings, put it that way.”

He explained:

Ratings are way up in the debates and that means extra money and political advertising. If you notice, there’s a whole new batch of advertising being spent right now, the political situation is very strong and I think it will remain so the rest of the year. It obviously helps our local stations a lot. We have a lot of stations in key markets, and so we are looking forward to this year as to be a year that delivers a lot of political advertising.

Listen to Moonves’s comments at the conference below:

