CBS' board of directors has made a pre-emptive statement ahead of the publication of a New Yorker story accusing its CEO, Leslie "Les" Moonves, of sexual misconduct.
"All allegations of personal misconduct are to be taken seriously", the network's board of directors said in a statement. Investors consider Moonves a marquee operator in the media world and he has steered CBS to much success over the past 12-years at the helm. The pressure on Moonves created by the sexual misconduct allegations adds another layer of complexity to the corporate battle.
On Friday, The Hollywood Reporter published a report on Farrow's yet to be released report. "While that litigation process continues, the CBS management team has the full support of the independent board members", the statement said.
Moonves did not immediately respond to a request for comment. He joined CBS in 1995, working his way up to president in 1998 and chairman in 2003, the year it became America's most watched network.
A spokesperson for The New Yorker says, "We don't comment on pieces we haven't published".
The CBS Board also acknowledged the timing of the story comes during CBS' legal bid to fight off a merger with Viacom, its former parent company.
The New Yorker was awarded the Pulitzer Prize gold medal for public service for stories published a year ago by Farrow, a contributing writer, that exposed the alleged pattern of sexual predation by movie producer Harvey Weinstein. In May, Moonves' CBS sued Redstone to stop her from taking control of company.
Multiple accusations of sexual misconduct against politicians, business leaders and entertainers in the US have been made in the past year, leading to resignations, often inspired by the #MeToo social movement.
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