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Tara Lachapelle

CBS Clears a Subplot for Its Reunion With Viacom

A CEO search was an unnecessary distraction from an inevitable conclusion.

A new chief was never going to make it to the third act.

A new chief was never going to make it to the third act.

Photographer: Andrew Burton/Getty Images

CBS Corp. looks ready to make a deal. 

The broadcaster said on Tuesday that it was no longer looking for a permanent successor to Leslie Moonves, its disgraced former CEO who left in September in the wake of numerous sexual-harassment allegations. Instead, Joe Ianniello, who had been Moonves’s No. 2, has agreed to stay on as acting CEO through the end of the year. They might not even need his services that long.