Leslie Moonves


CBS completes Moonves investigation, severance will not be paid

The board of directors of CBS has completed its investigation of former chairman and CEO Leslie Moonves, CBS News, and cultural issues at CBS. With regard to Moonves, who was investigated after allegations of sexual misconduct were aimed at him earlier this year leading to his departure in September, the board has determined that there […]

CBS names Showtime boss as its creative chief

Showtime boss David Nevins has been named chief creative officer at CBS Corporation, effective immediately. The news has arrived from Joe Ianniello, who is CBS’ president and acting CEO after the departure of Leslie Moonves last month. Nevins has also been promoted to chairman of Showtime Networks and will remain the business’s chief executive officer. […]

Les Moonves steps down from CBS

Over the weekend CBS chairman and CEO Leslie Moonves stepped down from his role after 24 years with the company. Moonves released an official statement on Sunday revealing his departure, after battling repeated accusations of sexual harassment. Initial harassment claims were made in July, after Ronan Farrow published details of claims made against the executive […]

TBI Weekly: CBS Corporation’s year of change

Who would have thought during this year’s Upfronts that as CBS chief Leslie Moonves presented the company’s upcoming slate to a standing ovation, he would be the biggest cause for controversy in the company today? The media giant has, after all, been a remarkably steady company partly due to the chairman and CEO supporting the […]

CBS brings in legal firms to investigate Moonves

The CBS board of directors has brought in legal firms Covington & Burlington and Debevoise & Plimpton to conduct a full investigation into recent harassment allegations against chairman and CEO Leslie Moonves and wider cultural issues at CBS. At Covington & Burling the investigation will be led by Nancy Kestenbaum, and at Debevoise & Plimpton […]

Moonves still CEO as CBS seeks outside counsel on misconduct claims

The CBS Corporation’s board of directors is now seeking outside counsel to conduct an independent investigation into its CEO Leslie Moonves, after he was accused of sexual harassment. CBS’ board of directors met this Monday to decide on the best way to react in response to sexual harassment claims made against its chief exec in […]

CBS shareholders launch class action lawsuit against National Amusements

CBS shareholders have officially launched a class action lawsuit against its majority stakeholder National Amusements, investment firm of Sumner Redstone and family. The suit claims that National Amusements, now run by Redstone’s daughter Shari Redstone, has breached its fiduciary duty. Class B shareholders of CBS claim that Redstone has not acted in the company’s best […]

Moonves receives Upfronts ovation as Redstone legal battle heats up

CBS chief Leslie Moonves (pictured) received a standing ovation from buyers at its Upfronts presentation last night, as the company faces a crunch after launching a lawsuit against its controlling shareholders, the Redstone family, on Monday. In an atypical Upfront presentation, Moonves walked out to a standing ovation from a sizeable portion of the crowd […]

Viacom makes $2.8bn counteroffer to CBS

Viacom has made a counter-offer that asks for $2.8bn more from CBS than the company valued earlier this month. The move follows CBS’ below-market bid for the company six days ago, which near threatened the merger all together. A CNBC report states that Viacom has now asked for 0.68 shares for each Viacom class B […]

CBS completes Ten takeover

CBS Corp. is now the owner of Australian commercial broadcaster Network Ten after closing its takeover deal. The US network has cleared the final hurdles in a protracted takeover process, which had begun after Ten went into administration. The deal marks the second time Ten has had a North American owner – Canada’s CanWest was […]