×
You will be redirected back to your article in seconds

Richard Parsons Named Interim Chairman of CBS’ Board of Directors

Richard Parsons, former head of Time Warner, has been named interim chairman of CBS’ board of directors.

The newly configured CBS board had its first formal meeting via teleconference on Tuesday after the shakeup that began Sept. 9 with the forced resignation of longtime CEO Leslie Moonves amid sexual misconduct allegations.

Parsons was appointed to the CBS board earlier this month along with four other new members. He’ll be tasked with leading the board at a time of great transition for CBS.

Also on Tuesday, two more long-serving CBS board members, Bruce Gordon and William Cohen, confirmed that they have resigned from the board. Their departures leave the panel at 11 members. It’s not immediately clear if their seats will be replaced.

Gordon, former head of the NAACP and a former top Verizon executive, was credited with stepping up and leading the negotiations that led to Moonves’ resignation and the settlement of the lawsuit CBS filed against its controlling shareholder, National Amusements Inc. Both the Moonves scandal and the NAI litigation have taken a toll on CBS.

“We have a distinguished and independent Board that is steadfast in its commitment to serve the best interests of all shareholders,” said Parsons. “I think I speak for all Board members when I say I look forward to learning more about CBS’ compelling opportunities and how we can help guide and support the company’s growth.”

Gordon and Cohen had been CBS board members since 2006, when CBS split off from Viacom.

Parsons led Time Warner in the aftermath of its disastrous merger with AOL in 2001. He had been seen as a candidate for the CBS’ CEO job, but sources say he is unlikely to seek that job.

One of the issues the board was believed to have considered at today’s meeting was the question of the executive search firm to lead the process of finding a new CEO. It’s unclear if any decision was made.

More Biz

  • MGM logo

    MGM Television Expands Unscripted Team With Three Hires

    Metro Goldwyn Mayer has announced three additions to its unscripted television team. It is currently led by Barry Poznick, president of the division and Mark Burnett, chairman of MGM’s Worldwide Television Group (“Survivor,” “The Voice”). Justin Dudek has joined MGM as senior VP of physical production, Zena Van Ackeren has onboarded as VP of talent [...]

  • Wanda Sykes Silicon Valleywood

    Wanda Sykes on Doing Business With Netflix: 'They Moved That Comma'

    MENLO PARK, Calif. — Wanda Sykes wears a lot of hats as a comedian, writer, producer and entrepreneur, and that gives her a keen sense of the ever-growing content marketplace. She also has a very clear understanding of what she’s worth in dollars and cents, as she shared Tuesday in her Q&A at Variety’s Silicon [...]

  • Jussie Smollett

    Brothers Accused of Jussie Smollett Attack Sue His Attorneys for Defamation

    The two brothers who allegedly participated in a staged hate attack on Jussie Smollett have filed a defamation suit against Smollett’s lawyers, accusing the attorneys of smearing their reputations in a bid to salvage Smollett’s image. Olabinjo and Abimbola Osundairo filed suit in federal court in Illinois on Tuesday. The suit alleges that Smollett’s attorneys [...]

  • Sylvia Rhone

    Sylvia Rhone Promoted to Chairman & CEO of Epic Records

    Sony Music Entertainment today announced the promotion of Sylvia Rhone to Chairman and CEO of Epic Records. According to the announcement, in this role, Rhone will report to Rob Stringer, CEO, Sony Music Entertainment. She will lead the overall creative direction and management of Epic Records, overseeing a roster of chart-topping artists including Camila Cabello, [...]

  • silicon valleywood Wanda Sykes

    Silicon Valleywood Confab Will Mine Maximum Data Strategies

    As Apple’s recent star-studded event for its new TV streaming service demonstrated, the worlds of entertainment and technology are becoming increasingly intertwined — a convergence Variety will explore during its inaugural Silicon Valleywood Summit on April 23 in Menlo Park. Entertainment leaders will join tech giants on the latter industry’s home turf to discuss how [...]

  • Beyonce Lemonade HBO

    Beyonce’s ‘Lemonade’ Is Finally Available on Spotify and Apple Music

    As exclusively revealed by Variety last week, Beyonce’s ‘Lemonade’ album — which had been exclusively available for streaming on Tidal — is now available across all major streaming services, including Spotify and Apple Music. Upon its release in 2016, sources close to the singer said that the album would be a Tidal exclusive “in perpetuity,” [...]

More From Our Brands

Access exclusive content