Skip to content
Subscriber Only

CBS Is Said to Be on Brink of CEO Moonves's Exit, Redstone Truce

  • New Yorker magazine reports six new accusations on Sunday
  • CBS is said to bring in new board members as part of accord
Bloomberg business news
CBS Analyst Says First Order of Business Is New CEO, Strategy
Updated on

Les Moonves will step down as chief executive officer of CBS Corp. after being accused of sexual harassment by a dozen women, part of a larger settlement that will also end a legal dispute between the company’s board and its controlling investor, according to people familiar with the deal.

CBS will announce Moonves’s departure and its settlement with shareholder National Amusements Inc. this week, mostly likely in the next 24 hours, said the people, who asked not to be identified because the agreement isn’t yet public. CBS will also appoint five new board members, two of the people said.