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Weinstein effect

Les Moonves resigns as CEO of CBS Corporation amid reports of sexual misconduct allegations and an ongoing investigation into his behavior. CBS donates $20 million to groups supporting the Me Too movement and states that this money may be deducted from Moonves' severance package depending on the investigation's results.

The announcement Sunday ends a 20-year tenure for Moonves as CEO of one of the country's most important media empires.

  1. CNN (Image)