CBS chief executive Les Moonves is exiting the company, effective immediately, amid a flurry of sexual misconduct allegations. It also concludes a months-long battle for control of CBS between Moonves and the company's controlling shareholder, Shari Redstone. The jailbreak happened earlier this year when Moonves and most members of the CBS board took steps to dilute Redstone's control. The CBS board had already hired two law firms to do an investigation. The Los Angeles Times reported on Wednesday night that CBS board members were talking about Moonves' potential exit.

Source: CNN September 09, 2018 18:00 UTC