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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.

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Les Moonves won't get any severance pay from CBS. The former chairman and CEO stepped down in September amid multiple allegations of sexual misconduct, and the CBS board hired two laws firms to investigate, and to determine if Moonves was eligible for a $120 million exit payment. The answer: No. CBS cited Moonves' "willful and material misfeasance, violation of company policies and breach of his employment contract."

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