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After Moonves, CBS takeover possible in new media landscape

The resignation of longtime CBS chief Les Moonves won't likely lead to drastic changes in network programs, but a related deal could make the company ripe for a takeover as traditional media companies compete with upstarts such as Netflix and Amazon.

Moonves was ousted Sunday, just hours after the New Yorker detailed more sexual misconduct allegations against him. A dozen women have alleged mistreatment, including forced oral sex, groping and retaliation if they resisted him. CBS is on the hook for $120 million in severance if its investigation, being conducted by two outside law firms, finds no evidence of wrongdoing. Moonves has denied wrongdoing.

Even before the latest...

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