CBS Chief Executive Officer Leslie Moonves

(Photo by Gabe Ginsberg/Getty Images for Showtime)

Report: CEO Les Moonves in settlement talks with CBS board

September 06, 2018 - 9:28 am

NEW YORK (1010 WINS) -- It looks like longtime CBS CEO Les Moonves may be on his way out.

CNBC reports that he's in settlement talks with the CBS board and Chief Operating Officer Joe Ianniello is poised to take over on an interim basis.

Sources tell CNBC, under his contract Moonves is due as much as $180 million in severance and a production deal.

Moonves is currently under investigation for accusations of sexual harassment.