CBS CEO Moonves negotiating exit with board

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According to the HuffPo, the whole thing was over that unfortunate moment when Justin Timberlake tore a piece of fabric from Jackson's costume exposing a bit too much to a worldwide audience in 2004.

CBS and Moonves have yet to comment on the report.

And for the 2004 Grammies, which CBS broadcast, Moonves initially banned both Jackson and Timberlake from appearing, though he later allowed Timberlake to perform after Timberlake offered a tearful apology.

According to CBS insiders, "Moonves ordered Viacom properties VH1 and MTV, and all Viacom-owned radio stations, to stop playing Jackson's songs and music videos", the article alleges.

During the 2004 Super Bowl halftime show, Justin Timberlake ripped away Janet Jackson's top and briefly exposed her breast to a big television audience. The parent company, which also owns Viacom Inc. wants to merge Viacom with CBS, a move CBS leadership has been combatting for the past year. The Federal Communications Commission issued a $550 000 fine to MTV and CBS as producers of the half-time show. Timberlake went on to enjoy a celebrated career (which he does to this day) and Jackson was made to deal with the consequences alone.

CBS sources told the Huffington Post they believed Moonves was directly responsible for how Jackson, whose career took a beating after the Super Bowl debacle, was perceived by the public. Jackson reportedly became a target of Moonves hit list to destroy because he thought she wasn't repentant enough, sources said.

Moonves is now reportedly negotiating his exit from CBS in the wake of the #MeToo accusations against him.

The CBS chief was also allegedly upset when he found out Simon & Schuster, which is also owned by Viacom, had signed the singer to a book deal for "True You: A Journey to Finding and Loving Yourself". Six women accused Moonves of sexual advances such as unwanted kissing and touching, the New Yorker reported in August. CBS said it would investigate the claims, which Moonves portrayed as "advances", added in a statement that he "never misused my position to harm or hinder anyone's career".

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