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Sumner M. Redstone has resigned as the Chairman of CBS Corpration and Les Moonves has been named the company’s new chairman.
Moonvess was nominated for the position by Shari E. Redstone, Vice-Chair of the CBS Board and was confirmed by a unanimous vote of the CBS Directors. Moonves will also continue to serve as President and Chief Executive Officer of CBS. For further details and reactions, follow the jump.