Ousted CBS chief executive Les Moonves will not receive $120 million severance payment from the company, according to its board of directors.

Ousted CBS chief executive Les Moonves will not receive $120 million severance payment from the company, according to its board of directors.@BrianStelter and @wjcarter report on the latest developments. https://t.co/mGfyyYqm8A pic.twitter.com/ChkkFIVp1c

— New Day (@NewDay) December 18, 2018