LES MOONVES OUT AT CBS

CBS Corp CEO Leslie Moonves resigned from the company, the company said on Sunday, amid fresh allegations of sexual assault and harassment. The settlements end years of uncertainty over the future of CBS and could potentially open the door future deals.

Moonves was expected to receive a $100 million USD severance, but could end up with nothing pending an investigation into allegations of violence against women conducted by law firms hired by an independent committee of the CBS board of directors.

Five current independent directors and one National Amusement-affiliated director have stepped down from the board of directors and six new directors have been elected, the company said.

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