Select Page

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: CBS just put more women on its board a much-needed move given longtime CEO Leslie Moonves' exit amid reports of allegations of sexual harassment and assault from a dozen women. Entrants to the board include Candace Beinecke, a senior partner at the law firm Hughes Hubbard & Reed; Barbara Byrne, a vice chairman of investment banking at Barclays; and Susan Schuman, CEO of SYPartners, a management consultancy. As Bloomberg News writes, "The new board also features bankers who specialize in mergers and acquisitions, raising questions about whether the media company will prepare itself for a deal." CBS' majority shareholder, National Amusements, promised not to try to merge the CBS with Viacom for two years. But in a time in which entertainment companies are obsessed with scale, can CBS go it alone? What are the other options?

New chapter: Joe Ianniello, president and acting CEO of CBS, wrote a memo to staff. "Never has it been more important for us to make it abundantly clear that CBS has a steadfast commitment to diversity, inclusion and a safe and positive working environment," he said, according to The Hollywood Reporter.

Uncomfortable: Julie Chen, co-host of CBS' "The Talk," and Moonves' wife, was absent from Monday's show, taking time to be with her family. "She's somebody I admire and respect greatly, and it's very embarrassing and upsetting to have to talk about her husband, but we do," co-host Sharon Osbourne said, quoted by USA Today. "We feel it's right."

Continue reading at AdAge.com