CBS CEO Leslie Moonves is leaving his post following numerous allegations of sexual misconduct that spanned much of his career, the company announced on Sunday evening.
The allegations against Moonves were brought to light in a New Yorker article by Ronan Farrow in August in which six women accused Moonves of sexual misconduct and damaging their careers. A second New Yorker article by Farrow published on Sunday contained allegations by six more women. Moonves denied the allegations, and characterized his relationships with some of the women as consensual.
CBS has been investigating the allegations against Moonves since they were published in the New Yorker article in August.
CNBC's David Faber reported last week that CBS was considering a $100 million exit package for Moonves. But following the new allegations in Sunday's New Yorker article, sources familiar with the situation told Faber that Moonves would not get a severance package, pending the results of the investigation into the allegations against Moonves.
This story is developing. Check back for updates.
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