New particulars in regards to the occasions that led as much as Les Moonves’ resignation from CBS Company emerged on Monday night time.
A report from The Wall Avenue Journal, says Shari Redstone, the president of CBS’ dad or mum firm, Nationwide Amusements, was asking members of the community’s board of administrators a couple of police inquiry into sexual misconduct allegations in opposition to Moonves in January.
In line with the report, which cites sources accustomed to the discussions, the board dismissed Redstone’s issues and so did Moonves when Redstone contacted him instantly.
It wasn’t till investigative journalist Ronan Farrow revealed a bombshell exposé within the New Yorker that CBS leapt into motion, hiring two legislation corporations to dig into the allegations. Extra claims of misconduct revealed on Sunday compelled Moonves to hurry the exits.
Redstone and Moonves have been locked in a long-playing, public battle over the way forward for CBS, with Redstone pushing for a brand new merger between the community and Viacom. Moonves had been combating it.
A scarcity of belief between the 2 sides finally hamstrung CBS’ response to the sexual misconduct allegations, The Journal’s Keach Hagey and Joe Flint wrote.
“Some board members have been skeptical, believing Ms. Redstone was spreading the rumors,” Hagey and Flint reported.
Business insiders have speculated that, with Moonves off the scene, a brand new CBS-Viacom merger can be inevitable. A minimum of one knowledgeable stated it might occur in 2019.
Regardless of apparently gaining the higher hand in such negotiations, Redstone reportedly stated she wouldn’t push for the merger “for at the very least two years.”