CBS executive Les Moonves under investigation for alleged sexual misconduct

CBS is investigating allegations of sexual misconduct against CEO Leslie Moonves, after The Hollywood Reporter said a forthcoming article in The New Yorker would outline a pattern of inappropriate behavior from the executive.

The exposé is reportedly written by Ronan Farrow, who won a Pulitzer Prize for his investigation of disgraced movie mogul Harvey Weinstein. Moonves is reportedly accused of "unwanted kissing and touching." CBS shares fell by about 6 percent after the report foreshadowed further allegations, The New York Times reports.

"All allegations of personal misconduct are to be taken seriously," the network said in a statement. "Upon the conclusion of [an] investigation, which involves recently reported allegations that go back several decades, the Board will promptly review the findings and take appropriate action." Read more at The Hollywood Reporter.

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