Les Moonves is one of the most powerful men in US media: AFP
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, reports BBC.
Mr Moonves' tenure at the top of CBS, which he joined in 1995, has been marked by a power struggle with Shari Redstone who, through her family's business National Amusements, is the controlling shareholder in both CBS and the media conglomerate, Viacom.
Ms Redstone and Mr Moonves had been engaged in a court battle as he tried to thwart her plan to merge CBS and Viacom.
But the announcement of Mr Moonves' departure came at the same time as CBS said it was ending legal against against National Amusements. For its part, National Amusements said it would not seek a merger between the two companies for the next two years.