Welcome to Ad Age's Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. You can get an audio version of this briefing on your Alexa device. Search for "Ad Age" under "Skills" in the Alexa app. What people are talking about today: Leslie Moonves has stepped down as CEO of CBS Corp., ending his reign as one of the most influential executives in entertainment. The company announced his departure "effective immediately" late Sunday, hours after The New Yorker reported on six more women accusing Moonves of sexual harassment or assault. Moonves acknowledged three of the encounters but said they were consensual, the magazine says.
There was a lot to digest in Sunday's statement. As Ad Age's Jeanine Poggi writes, the company also announced that it settled its legal dispute with Shari Redstone's National Amusements over control of the company, which promised not to propose a CBS-Viacom tie-up for at least two years. There was a CBS board shakeup. Also, Poggi writes,
"Moonves and CBS will donate $20 million to organizations that support the #MeToo movement and equality for women in the workplace, according to a statement from the company. The donation, which will be made immediately, will be deducted from any severance pay that CBS may owe Moonves."