US Television Network Cbs says it is investigating reports detailing allegations of sexual misconduct by its top Executive Les Moonves.
In a statement, CBS said it was looking into the allegations and would "take appropriate action".
Mr Moonves, 68, told the magazine that he "may have made some women uncomfortable" in the past.
"Those were mistakes, and I regret them immensely," he said. "But I always understood and respected... that 'no' means 'no,' and I have never misused my position to harm or hinder anyone's career."
CBS' stock price dropped by 6% on Friday as reports of the New Yorker article trickled out.
The exposé is by Ronan Farrow, who this year won a Pulitzer Prize for detailing assault accusations against Hollywood producer Harvey Weinstein.
Some of the alleged incidents are said to have occurred more than 20 years ago.
In a statement, CBS said: "All allegations of personal misconduct are to be taken seriously.
"The Independent Directors of CBS have committed to investigating claims that violate the Company's clear policies in that regard.
"Upon the conclusion of that investigation, which involves recently reported allegations that go back several decades, the Board will promptly review the findings and take appropriate action."