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.
Rising sea levels could disrupt global communications
It is in densely-populated coastal areas that the cables are most vulnerable to increase in sea levels due to climate change. Hardening the infrastructure may delay the inevitable but it won't be effective in the long run, Barford explained .
Strong, severe thunderstorms expected Tuesday afternoon
The main impact from these storms will be very heavy, torrential downpours, potentially causing some localized flash flooding. Sunshine and warm temperatures once again in the forecast today with highs topping out in the upper 80's to mid 90's.
Netflix shares slip further amid growth concerns
Total streaming revenue for Q2 18 is US$3,814 million, up from US$2,671 million during the same period previous year . It marked the first time in a more than a year that Netflix had not exceeded its subscriber growth projections.
Shooting Suspect Barricaded At Los Angeles Trader Joe's
He ended up in Silver Lake , where he crashed outside the Trader Joe's located at 2738 Hyperion Ave. before entering the store. Witness Devin Field said it appeared traffic prevented the suspect from escaping police when he crashed in front of the store.
Demi Lovato overdoses on drugs following performance at fair
Now, her rep says , " Demi is awake and with her family", and RadarOnline.com reports the " Skyscraper " singer will enter rehab. Cheat Codes and U.K. act Little Mix recently released the new single "Only You", which is now No. 1 on the U.K.