Wall Street analysts, reports Variety, predictably have become wary of CBS stock.
Two things concern Wall Street. One is that Moonves is bound to be "distracted" defending himself about the allegations. And, two, the #MeToo issue isn't going away. It is projected to linger.
The CBS board is scheduled to meet Monday about the Moonves' matter. He states he intends to stay in his job. But it's more likely that he will step down, with no admission of guilt. The usual cover story is that the executive is doing the right thing for the company whose full attention should be on its business, not the scandal.
This isn't the first #MeToo rodeo. We are well aware of the dynamics and the theatre.