×

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

  • Colin Kaepernick Kneel

    Colin Kaepernick, Eric Reid Reach Settlement With NFL

    Colin Kaepernick and Eric Reid, two football players who alleged the National Football League colluded to oust them from the game after they started kneeling in protest of racial inequality during the playing of the national anthem, have reached a settlement in the matter, according to a statement from the sports organization and lawyers representing [...]

  • R. Kelly

    R. Kelly Could Be in ‘Big Trouble’ Over Alleged New Sex Tape, Attorney Says

    Strong allegations of sexual misconduct have followed R. Kelly for 25 years, but the singer has always managed to slip free. Yet reports that a videotape of him sexually assaulting an underage girl, combined with the outcry surrounding the Lifetime documentary “Surviving R. Kelly,” means that public sentiment, at the very least, is definitely not [...]

  • Christian Bale as Dick Cheney in

    New Media Residuals and Feature Films Contribute to Spike in Writers' Pay

    The outlook for members of the Writers Guild of America has brightened — even amid pervasive uncertainty in the entertainment industry. According to the most recent report to WGA West members, earnings surged 2.8% to $1.41 billion in 2017, thanks mostly to gains in feature films and new-media residuals. Total covered earnings for WGA West [...]

  • Joe Dante Gremlins

    Hollywood Execs Seek Licensing Deals at the New York Toy Fair

    On Feb. 16 more than 30,000 studio executives, buyers and toy company reps will gather in Manhattan for the annual Toy Fair New York, all vying for market share and trying to snag the latest hot trend in a fast-changing industry. Those working the film side of the business will focus much of their attention [...]

  • Lady Gaga Bradley Cooper A Star

    Universal Music Group Fuels 11.3% Rise in Vivendi's 2018 Revenues

    Vivendi’s revenues were up 11.3% to €13.93 billion ($15.7 billion) in 2018, powered by Universal Music Group, which delivered such hits as the “A Star Is Born” soundtrack and Drake’s new album. UMG’s revenues climbed by 10% to €6 billion ($6.8 billion) compared to 2017. On top of the “A Star Is Born” soundtrack, the [...]

  • The Blacklist 100th Episode

    'The Blacklist' EP Sues for Wrongful Termination

    A former executive producer of the NBC show “The Blacklist” has filed suit against Sony, alleging he was fired after being wrongfully blamed for a workplace scuffle. Michael Watkins is a veteran TV director and cinematographer. He was an executive producer for several seasons of “The Blacklist,” the NBC crime show starring James Spader. According [...]

  • TV set livingroom

    Studios Sue Omniverse in TV Streaming Crackdown

    The major studios filed a copyright infringement suit against Omniverse One World Television on Thursday, as they continue to crack down on illicit streaming services. Omniverse provides packages of TV channels to various streaming providers, including SkyStream TV, Flixon TV, and HD Homerun. Jason DeMeo, the head of the company, asserted in an interview with [...]

More From Our Brands

Access exclusive content