CBS, Leslie Moonves Resolve Dispute Over $120 Million in Severance

A whopping amount of money that has been held in trust for potential payout to former CBS chief Leslie Moonves is going back to the company. In a filing with the U.S. Securities and Exchange Commission filed Friday, ViacomCBS said that $120 million that has been held in trust for Moonves since he departed under duress in 2018 would "revert to the company." The large entertainment conglomerate had previously set aside the cash as part of a potential severance payment to the longtime TV executive. CBS and its sibling Viacom merged in late 2019.