rain
Thursday November 15th, 2018 4:06PM
8:41AM ( 7 hours ago ) Weather Alert

The Latest: Moonves' wife Julie Chen absent from 'The Talk'

By The Associated Press
Related Articles
  Contact Editor

NEW YORK (AP) — The Latest on the ouster of one of the TV industry's most powerful executives, Les Moonves, with allegations of sexual misconduct continuing to surface (all times local):

2:45 p.m.

Julie Chen, wife of Les Moonves, was absent from her talk show on the network "The Talk" a day after a new round of sexual misconduct allegations brought the departure of the CBS chief executive.

In what was supposed to be a celebratory season premiere Monday for "The Talk," its four other panelists walked out somberly without Chen, who acts as host and moderator and whose absence had not been announced.

Sharon Osbourne choked back tears as she announced Chen would be taking time off to be with her family, and expressed support for her co-star and friend, a sentiment seconded by the other three women at the table.

All four also expressed vehement support for the women who came forward about Moonves, with Osbourne saying he had clearly ruined the life of one of the accusers.

Chen, who also hosts the CBS series "Big Brother" and married Moonves in 2004, publicly supported him when a first round of sexual allegations emerged last month.

___

1:05 p.m.

CBS will pay ousted chief Les Moonves $120 million if its ongoing investigation fails to find any evidence of sexual misconduct.

Moonves, the television company's longtime CEO, resigned on Sunday, just hours after fresh allegations came out in a New Yorker article. A dozen women have alleged mistreatment, including forced oral sex, groping and retaliation if they resisted him. CBS has hired two law firms to investigate the claims.

In a regulatory filing Monday, CBS says the company will put $120 million in a trust that will go back to the company if the charges are substantiated and the CBS board decides it has cause for termination. Moonves will receive the $120 million as severance if the investigation doesn't substantiate the allegations.

___

10:50 a.m.

Shares of CBS are down more than 3 percent in the first day of trading after the ouster of Les Moonves, the company's chairman.

The CBS Corp., which has consistently been the most-watched network on television, declined $1.88 to $54.19 in morning trading Monday.

Moonves stepped down late Sunday following a story posted by The New Yorker that included a second round of ugly sexual misconduct accusations against the powerful television executive.

CBS chief operating officer, Joseph Ianniello, will take over for Moonves as president and CEO until the company's board of directors can find a permanent replacement.

_____

7:50 a.m.

Shares of CBS are moving higher before the opening bell in what will be the first day of trading after the ouster of Les Moonves, the company's chairman.

The CBS Corp., which has consistently been the most-watched network on television, climbed 93 cents to $56.99 in premarket trading Monday.

Moonves stepped down late Sunday following a story posted by The New Yorker that included a second round of ugly sexual misconduct accusations against the powerful television executive.

CBS chief operating officer, Joseph Ianniello, will take over for Moonves as president and CEO until the company's board of directors can find a permanent replacement.

_____

7:10 a.m.

CBS is reshaping its board as it pursues an independent investigation into Les Moonves, its ousted board chairman, with additional allegations of sexual misconduct continuing to surface.

The investigation is being pursued by the high-profile law firms, Covington & Burling, and Debevoise & Plimpton, and they are being led by Mary Jo White, the former chairwoman of the U.S. Securities and Exchange Commission.

Five board members are leaving, including Leonard Goldberg, Charles Gifford, David Andelman, Doug Morris and Arnold Kopelson.

The company is adding six new board members: Barbara Byrne, Candace Beinecke, Brian Goldner, Richard Parsons, Susan Schuman and Strauss Zelnick.

The CBS Corp. announced Moonves' exit late Sunday, hours after The New Yorker magazine posted a story with a second round of ugly accusations against its chairman. A total of 12 women have alleged mistreatment. Moonves denied the charges, although he says he had consensual relations with three of the women.

  • Associated Categories: Associated Press (AP), AP Entertainment, AP Online TV News, AP Business, AP Business - Corporate News
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Easier gambling has sports worried about fighting the fix
Some pro and college sports are worried about games being fixed as legal sports gambling spreads in the United States
10:00AM ( 18 minutes ago )
The Latest: Floods raise concerns about dams holding up
The devastating flooding in North Carolina from Florence has raised concerns about whether some dams will be able to hold up under the strain
9:34AM ( 44 minutes ago )
UK leader warns rebels: it's my Brexit agreement or no deal
British Prime Minister Theresa May is fighting back against opponents of her blueprint for Brexit, saying Parliament will have to choose between her proposal and crashing out of the European Union without a deal
9:29AM ( 48 minutes ago )
Associated Press (AP)
Chrissy Teigen sets the record straight on her last name
Chrissy Teigen says people have been mispronouncing her last name for years, and she hasn't corrected them
8:42AM ( 1 hour ago )
Belgian court rules out extradition for Spanish rapper
A Belgian court has ruled that Spanish rapper Valtonyc should not be sent back to Spain, where he was sentenced to prison accused of writing lyrics that praise terror groups and insult the royal family
5:43AM ( 4 hours ago )
The Emmy winner is ... maybe viewers, diversity, 'SNL' brand
As Emmy Award nominees nervously wait to hear their name called, or not, there's more on the line at tonight's ceremony than personal glory
4:41AM ( 5 hours ago )
AP Entertainment
Anchor who called Trump a white supremacist leaving ESPN
Outspoken ESPN personality Jemele Hill has announced she is leaving the company
1:13PM ( 2 days ago )
Emmy hosts Che, Jost ready for fun, politics, even mishaps
Emmy hosts Michael Che and Colin Jost aren't concerned about juggling fun and politics at next week's ceremony
6:37PM ( 3 days ago )
CBS reporter says she felt threatened by Fager message
CBS News reporter Jericka Duncan says she was threatened to get a message from '60 Minutes' top executive Jeff Fager to 'be careful' in reporting accusations about him
5:02PM ( 3 days ago )
AP Online TV News
Renewed US tariff fears stalk global stock markets
Global stock markets started the new week on a soft note as investors waited to see if the U.S. slaps tariffs on another $200 billion-worth of Chinese goods.
8:13AM ( 2 hours ago )
Hope fades in Philippines for dozens trapped in landslides
A Philippine mayor says it's highly unlikely any of the 40 to 50 people who are feared buried in a mudslide set off by Typhoon Mangkhut can be found alive
8:10AM ( 2 hours ago )
Swollen rivers near record levels as Florence looms
Catastrophic flooding from Florence spreads across the Carolinas with one city cut off by the deluge and the vast storm system now over several states
8:05AM ( 2 hours ago )
AP Business
Investigator: No evidence gas explosions intentional
A federal investigator says there's no evidence to suggest the gas explosions that rocked communities north of Boston were intentional.
6:12PM ( 1 day ago )
Egypt court returns ex-president Mubarak's 2 sons to prison
Egyptian court sends Mubarak's 2 sons back to prison in with inside trading charges
12:05PM ( 1 day ago )
Seahawks sign LB Mychal Kendricks despite legal troubles
The Seattle Seahawks signed linebacker Mychal Kendricks despite his recent guilty plea on insider trading charges
7:43PM ( 2 days ago )
AP Business - Corporate News
Easier gambling has sports worried about fighting the fix
Some pro and college sports are worried about games being fixed as legal sports gambling spreads in the United States
10:00AM ( 18 minutes ago )
The Latest: Floods raise concerns about dams holding up
The devastating flooding in North Carolina from Florence has raised concerns about whether some dams will be able to hold up under the strain
9:34AM ( 44 minutes ago )
UK leader warns rebels: it's my Brexit agreement or no deal
British Prime Minister Theresa May is fighting back against opponents of her blueprint for Brexit, saying Parliament will have to choose between her proposal and crashing out of the European Union without a deal
9:29AM ( 49 minutes ago )
Florence flooding spreads as storm heads northeast
The remnants of Hurricane Florence are spreading more flooding across as the storm heads northeast
9:20AM ( 58 minutes ago )
WHAT'S HAPPENING: Rain, floods still in Florence's forecast
The forecast for Florence has not changed, unfortunately: It's still raining, and rivers are still rising
9:16AM ( 1 hour ago )