Richard Parsons Resigns as Interim Chairman at CBS, Citing Health Issues

Richard Parsons has resigned from the CBS board of directors, including his position as interim chairman.

In his place, CBS named veteran entertainment executive Strauss Zelnick to assume Parsons’ positions – garnered following the resignation of Les Moonves due to allegations of inappropriate workplace behavior. The appointment follows a unanimous Oct. 21 decision by the CBS board.

The 70-year-old Parsons, former chairman/CEO of Time Warner who once also served as interim CEO of the NBA’s Los Angeles Clippers franchise after the league banned (now former) owner Donald Sterling for life for racism, continues to deal with previously diagnosed health issues related to multiple myeloma, a blood cancer related to lymphoma and leukemia.

“As some of you know, when I agreed to join the board and serve as the interim chair, I was already dealing with a serious health challenge – but I felt that the situation was manageable,” Parsons said in a statement. “Unfortunately, unanticipated complications have created additional new challenges, and my doctors have advised that cutting back on my current commitments is essential to my overall recovery.”

Zelnick, 61, who has held management roles in all forms of entertainment, including recorded music at BMG Entertainment, motion pictures and television programming at 20th Century Fox, international television distribution at Columbia Pictures, and chief executive of Take-Two Interactive Entertainment, oversees a management team led by interim CEO (and former CFO) Joe Ianniello.

 

 

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