CBS Board to Investigate Allegations of Misconduct by CEO Leslie Moonves

Monty Brinton  CBS

Monty Brinton CBS

The incidents reportedly took place more than 20 years ago, during Moonves' first marriage to Nancy Wiesenfeld.

FBN's Neil Cavuto on the sexual misconduct allegations against CBS CEO Leslie Moonves.

CBS said in a statement that it would investigate the claim.

"All allegations of personal misconduct are to be taken seriously", the CBS statement reads.

In the lawsuit, Moonves and CBS said that the merger "is not in the best interests of CBS stockholders".

Earlier this year, CBS' fired veteran presenter Charlie Rose, who was accused of sexual harassment by a number of women, including several CBS employees.

Reports of the story in The New Yorker by Ronan Farrow surfaced late in the morning on Friday.

"While that litigation process continues, the CBS management team has the full support of the independent board members", CBS said.

CBS spokesman Dana McClintock didn't immediately respond to phone calls and emails seeking comment.

Farrow previously won a Pulitzer Prize for his reporting on Harvey Weinstein's alleged sexual misconduct, leading to speculation that his Moonves' report, given his high profile, could drop similar bombshells. CBS is now locked in litigation with Shari Redstone, the controlling shareholder in both CBS and Viacom. In 2006, Viacom spun off CBS Corporation as its own publicly traded entity, and Moonves became its president and CEO.

A spokesperson for The New Yorker says, "We don't comment on pieces we haven't published". The revelations ultimately spurred the #MeToo movement. The statement added: "We will continue to focus on creating value for our shareowners".

But his tenure at the top of the network, which he joined in 1995, has been marked by a power struggle with Shari Redstone who, through her family's business National Amusements, is the controlling shareholder in both CBS and the media conglomerate, Viacom.

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