CBS said $20 million (Dh73.5m) will be donated to one or more organisations that support #MeToo and workplace equality for women
CEO Leslie Moonves leaves CBS after sexual misconduct accusations
Leslie Moonves, one of the television industry's most powerful executives has exited CBS. The corporation announced its chairman's exit on Sunday night, hours after The New Yorker magazine posted a story with a second round of accusations against Moonves.
A total of 12 women have alleged mistreatment, including retaliation if they resisted him. Moonves denied the charges in a pair of statements.
CBS said $20 million (Dh73.5m) will be donated to one or more organisations that support #MeToo and workplace equality for women. That sum will be deducted from any severance due Moonves, a figure that won't be determined until an outside investigation led by a pair of law firms is finished.
The network's chief operating officer, Joseph Ianniello, will take over Moonves' duties as president and CEO until its board of directors can find a permanent replacement, CBS said.