CBS to Appoint Outside Law Firm to Handle Probe Into Moonves Allegations

CBS didn't take immediate action regarding CEO Les Moonves amid accusations by multiple women of sexual harassment after board members gathered Monday to discuss the situation.

CNN has not independently confirmed the allegations.

The CBS board is expected to choose a special committee that would oversee the probe, which will include an examination of the company's workplace culture, people familiar with the matter told the Journal.

Colbert then said that as a "middle-aged guy with some power in the entertainment industry" he may not bethe ideal person to address "this kind of systemic abuse", but that he does "believe in accountability".

Now that the Leslie Moonves sexual misconduct scandal could change the dynamic at CBS, Redstone's next moves will be closely watched in many quarters. Thus far, it does not seem advertisers are looking to pull their commercial time from the network, but it remains to be seen if marketers will take action with Moonves remaining at his roost. "And not just for politicians you disagree with", Colbert said on "The Late Show" Monday. As she delivered her pitch (sitting on a couch, again), Moonves slipped his hand up her skirt and touched her underwear. When the friend left to use the restroom, Moonves told Kimberly, "Let's go". In a statement to The New Yorker, Moonves acknowledged that he "may have made some women uncomfortable by making advances".

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"Some of you may be aware of what's going on in my life the past few days".

FBN's Charlie Gasparino with the latest on the CBS investigation into sexual misconduct allegations against CEO Leslie Moonves. Chen says she has already made one statement on the matter and she will "stand by that statement today, tomorrow, forever".

While her statement prompted a round of applause from the audience, Julie Chen's brief comment about the bombshell CBS news rubbed some viewers the wrong way. "I liked working for him".

His comments came hours after CBS said its board had chose to select "outside counsel to conduct an independent investigation" into claims that Moonves had engaged in inappropriate sexual behavior with six women. The company said a new date for the annual shareholder meeting, which had been planned for August 10, would be announced later.

Shares of CBS fell 5.1 percent to $51.28 at the close of the New York Stock Exchange, and are down 13 percent this year.

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