It’s unclear what exactly the new company does, but the office arrangement is unusual, given that Moonves is currently waging a battle in arbitration over his CBS severance package. Moonves believes he was wrongfully terminated, and CBS concluded there were grounds to fire him for cause–thereby denying him a $ 120 million severance package.
Still, Moonves’ exit agreement with CBS stipulates the company must pay for Moonves’ “office services” for no less than a year, The Times reported.
CBS did not immediately respond to CNBC’s request for comment. A spokesman for Moonves confirmed to the Times that Moonves had an office in the building, but declined to comment further.