Moonves leaves CBS over sexual misconduct claims

US television giant CBS announced Sunday the immediate departure of CEO Leslie Moonves, one of the biggest scalps in the #MeToo era, following a slew of escalating sexual misconduct allegations.

Moonves, who orchestrated CBS's revival into a ratings winner, had been one of the most respected executives in Hollywood until he was accused in late July of inappropriate behavior stretching back decades.

Two articles published by The New Yorker magazine -- on the same day that his departure was announced and on July 27 -- detailed allegations from 12 different women against the 68-year-old television titan.

Just hours later, CBS announced that Moonves would depart as chairman, president and CEO "effective immediately," and that he and the network would donate USD 20 million to supporting the #MeToo movement and equality for women in the workplace.

His interim replacement will be chief operating officer Joseph Ianniello while the board searches for a permanent successor.

"The donation, which will be made immediately, has been deducted from any severance benefits that may be due Moonves," CBS said.

An investigation being conducted by outside law firms into the allegations against Moonves is ongoing, the network said.

"Moonves will not receive any severance benefits at this time (other than certain fully accrued and vested compensation and benefits); any payments to be made in the future will depend upon the results of the independent investigation and subsequent board evaluation," it added.

Moonves's departure had been on the cards, with US media reporting in recent days that the terms of his departure had been under negotiation for weeks, and a deal had been expected before markets open Monday.

Reports had said his severance payment could range from USD 100 million in stock to USD 180 million stipulated in his contract, or even that he could leave with no bonus, pending the results of the investigation.

One of his accusers, Jessica Pallingston, told the Pulitzer-winning journalist Ronan Farrow, who broke the allegations against Moonves in The New Yorker, that such a payoff would be "completely disgusting."