EXCLUSIVE: A permanent replacement for Les Moonves may have to wait until CBS and Viacom become one company again. The quest to find a full-time CEO has lost some of its intensity over the holidays as a consensus is emerging among CBS board members and power players to take a renewed look into melding the media outlet…

With just days to go before everyone went to trial, Sunmer Redstone and Manuela Herzer have finally laid down their legal arms. In a January 4 dated agreement announced today just before a scheduled hearing in downtown Los Angeles, representatives for the 95-year old media mogul and his former long-time companion now…

UPDATED with stock movement: Les Moonves, the once-powerful former CEO of CBS, will not be getting a single dime of the $120 million in severance he expected after stepping down under allegations of misconduct this fall, the company’s board has decided today. “The Board of Directors of CBS has completed its…

Looks like the once-fiercely independent Sumner Redstone is going to be under the guardianship of the same court-appointed lawyer who ran Britney Spears' affairs for years, a Los Angeles Superior Court judge ordered today in a dramatic hearing. Judge David Cowan told a DTLA courtroom this morning that he is granting…

As Joe Ianniello prepares to make his inaugural appearance as CBS Corp’s interim CEO tomorrow on the company’s quarterly earnings call, the search for a permanent leader has intensified, both internally and externally. While the former longtime COO is seen as a viable contender, the media company’s newly constituted…

After Sunday’s announcement that Les Moonves was out as CBS CEO amid claims of sexual harassment and the months-long legal battles between the company and the Redstone family-dominated National Amusements would end, the courtroom drama is now officially over. “WHEREAS, the Parties have reached a settlement to resolve…

Over a month after then-CEO Les Moonves stepped away from the Anita Hill-led Commission on Eliminating Sexual Harassment and Advancing Equality in the Workplace, there is still no CBS presence at the highest level of the Hollywood organization – and it doesn't look like there will be for a while. A day after new allega…

CBS shares are down almost 4% today as investors fully digest the news about Les Moonves departing the company under a cloud. Moonves and CBS announced his exit yesterday after allegations of sexual misconduct by more than a dozen women. Shares in CBS have dropped about 3.5% to $54.15, on average trading volume…

EXCLUSIVE: Just over 12 hours after longtime CBS CEO and chair Les Moonves exited the company under an ever-thickening cloud of sexual misconduct allegations and corporate legal battles, the new acting CEO today sought to rally the beleaguered troops and Wall Street with promises of "providing continuity and…

Les Moonves stands to collect up to $120 million if the independent investigation into allegations of sexual misconduct fails to turn up information that would give the directors reason to fire him. But the findings of the investigation will also be kept private, according to new details of his separation agreement…

After months of bitter legal battles with National Amusements and two waves of sexual-misconduct allegations, Les Moonves is officially out as chairman and CEO of CBS, enabling NAI chief Shari Redstone to declare victory again. The exit of Moonves marks the end of his 24-year run at the company as one of media’s most…

EXCLUSIVE: With a new round of sexual assault allegations against Les Moonves being reported by the New Yorker today, the clock is ticking even faster and more furious in the final hours of the CBS CEO's reign, and when the end soon comes it won't be with as rich a payout as expected. In anticipation of an official…