CBS News has settled a lawsuit with three women who accused former CBS anchor Charlie Rose of “blatant and repeated sexual harassment” and “subsequent unlawful retaliation.”
The suit against CBS News was discontinued Friday, and the terms of the settlement are confidential. A separate civil suit against Rose remains open. A CBS News spokesperson told Business Insider the matter was resolved and that the plaintiffs requested that the financial amount remain confidential.
In other news:
Verizon will write down $4.6 billion in value of Oath, the unit that combined AOL and Yahoo assets. The integration between Yahoo and AOL never achieved the benefits Verizon anticipated, according to the company’s regulatory filing.
Congress grilled Google CEO Sundar Pichai for the first time. He testified before Congress on Tuesday amid increasing political scrutiny of big tech.
Speaking of Google, Pichai’s testimony to Congress exposed the abject failings and futility of Washington’s version of tech policy. Important questions about data privacy, oversight of artificial intelligence, and military contracts were never asked.
The 3 biggest takeaways from WPP’s ‘radical evolution’ turnaround plan. WPP seems to be bracing itself for competition with consulting firms and some of its new client approaches seem to be working.
US media companies are looking to India as the next battleground, and some have already made huge investments. Western companies already have big stakes in the Indian market. Twenty-first Century Fox-owned TV streaming company Hotstar is by far the biggest over-the-top TV provider in India with roughly 100 million subscribers.