Latest Sumner Redstone News

CBS' 2Q net income up as CEO faces sexual-misconduct probe

Aug. 2, 2018 6:05 PM EDT

NEW YORK (AP) — CBS on Thursday reported a boost in second-quarter net income from the tax overhaul and higher fees from affiliates and subscribers, as turmoil swirls around the media company ahead of the important fall TV season. CEO Les Moonves is facing an investigation after the New Yorker magazine...

CBS looks into misconduct claims amid report on CEO Moonves

Jul. 27, 2018 9:16 PM EDT

NEW YORK (AP) — CBS said Friday it is investigating personal misconduct claims after the company's chief executive, Les Moonves, was the subject of a New Yorker story detailing sexual misconduct allegations. The media company said independent members of its board of directors are "investigating claims that...