Is Moonves on his way out?

The Wall Street Journal is reporting that CBS chief Les Moonves is negotiating with independent directors of CBS’ board for a possible exit.

CBS has appointed two law firms to investigate Moonves for sexual misconduct allegations stemming from a July New Yorker article. CBS didn’t return a request for comment. The report cites unnamed people familiar with the talks.

The Journal and CNBC both say Chief Operating Officer Joe Ianniello would be CBS’ interim CEO if Moonves leaves.