NY Times

Moonves Has a New Company — and Guess Who’s Paying the Rent?

Feb 11, 2019  •  Post A Comment

After being ousted as chairman and CEO of CBS Corp., Leslie Moonves is running a new company, Moon Rise Unlimited. The New York Times reports that the company is operating out of a 10th-floor suite on Sunset Boulevard — and CBS is paying for his office space.

The news comes even as Moonves and CBS are engaged in a $120 million legal battle over his severance. Moonves exited CBS in September amid a flurry of sexual misconduct allegations.

“In December, the company officially said he was fired, citing ‘willful and material misfeasance, violation of company policies and breach of his employment contract,'” The Times reports. “His exit agreement, however, states that CBS must pay for Mr. Moonves’s ‘office services’ for no less than a year, even if the company fired him for cause. CBS declined to comment.”

Moonves, who has denied the misconduct allegations, registered Moon Rise Unlimited on Oct. 30, according to a filing with the California secretary of state, the story reports. In a separate filing, Moonves is listed as the manager of the company, a limited liability company that will focus on “entertainment services.”

“Mr. Moonves also appears to have formed two related companies around the same time: Moon Rise Technologies, which it said in a filing planned to provide ‘streaming services and distribution,’ and Moon Rise Productions, which it said planned to provide ‘film and television production’ services,” The Times adds.

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