The head of US media giant CBS, Les Moonves, has resigned with immediate effect after allegations of sexual misconduct.

CBS had been investigating Mr Moonves since allegations appeared in the New Yorker in July – and fresh accusations from six more women appeared on Sunday.

Mr Moonves, 68, denies the allegations, calling the latest “appalling”.

However, CBS said the company and Mr Moonves would donate $20m (£15.4m) to groups supporting the #MeToo movement.

In a statement, it announced that Mr Moonves would step down as chairman, president and CEO with immediate effect.

Joseph Ianniello will serve as president and acting CEO.

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