CBS Board Meets, Takes No Action Against Embattled CEO Leslie Moonves

But it will hire outside counsel for an independent investigation into allegations

CBS' next quarterly earnings call, which Moonves usually conducts, will take place on Thursday. Getty Images

CBS Corp. chairman and CEO Leslie Moonves lives to fight another day.

@jasonlynch Jason Lynch is TV Editor at Adweek, overseeing trends, technology, personalities and programming across broadcast, cable and streaming video.