Les Moonves resigns from CBS after sexual misconduct allegations
CBS had been investigating Moonves since allegations appeared in the New Yorker in July -- and fresh accusations from six more women appeared on Sunday, BBC reported.
The head of US media giant CBS, Les Moonves, has resigned after allegations of sexual misconduct.
Moonves, 68, denies the allegations, calling the latest "appalling".
However, CBS said the company and Moonves would donate $20 million to groups supporting the #MeToo movement.
In a statement, it announced that Moonves would step down as chairman, president, and CEO with immediate effect.
Joseph Ianniello will serve as president and acting CEO.
The Financial Times said Moonves was resigning because this would entitle him to a hefty severance package, including stock options.
US media said the resignation package for Moonves could amount to $100 million.
However, CBS said he would not receive any severance benefits until the result of an independent investigation into his conduct.
The donation to organisations fighting for "equality for women in the workplace" would be deducted from the severance benefits, it said.
Moonves has been one of the most powerful executives in US media, joining CBS in 1995 as head of entertainment and becoming CEO of CBS Corp in 2006.
They appear in a new article in the New Yorker by Ronan Farrow, who also authored the July piece and this year won a Pulitzer Prize for detailing assault accusations against Hollywood producer Harvey Weinstein.
Some allege he forced them to perform oral sex or exposed himself without their consent.
Some say he damaged their careers when they rebuffed him.
The New Yorker quoted a statement in which he says: "The appalling accusations in this article are untrue. What is true is that I had consensual relations with three of the women some 25 years ago before I came to CBS.
"And I have never used my position to hinder the advancement or careers of women. In my 40 years of work, I have never before heard of such disturbing accusations."
At the time Moonves said he "may have made some women uncomfortable" in the past, adding: "Those were mistakes, and I regret them immensely. But I always understood and respected... that 'no' means 'no'."