Multiple unnamed sources told HuffPost that Moonves considered Jackson "not sufficiently repentant" for the incident, in which Justin Timberlake ripped away a piece of Jackson's leather outfit during the halftime show and left her breast exposed for "9/16 of a second" on live TV.
Though Timberlake and Jackson both said at the time that the incident was a true malfunction, Moonves banned both artists from appearing on the 2004 Grammy Awards broadcast by CBS.
Les Moonves, the CEO and chairman of CBS, is said to blame Janet Jackson for the whole incident, despite Justin Timberlake's involvement.
The Huffington Post's Yashar Ali describes Moonves as "obsessed" with damaging Jackson's career after interpreting the wardrobe malfunction to be a publicity stunt. The Federal Communications Commission issued a $550 000 fine to MTV and CBS as producers of the half-time show. But Timberlake was allowed to perform at the ceremony after he "tearfully apologized" to Moonves, according to sources.
The report adds that Moonves used his connections in the industry to allegedly block any forward progress after forgiving Timberlake after his tearful apology but not getting the same in return from Jackson.
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"Moonves ordered Viacom properties VH1 and MTV, and all Viacom-owned radio stations, to stop playing Jackson's songs and music videos", the article alleges.
"How the fuck did she slip through?" he reportedly told one of the people who interviewed with HuffPost.
Both the singers said the tear was unintentional but Moonves reportedly would not let it go - who thought the Jackson and Timberlake deliberately wanted to stir up controversy.
Well Moonves is dealing with karma right about now as he battles his own controversy about allegations of sexual misconduct stemming from an eight-month investigation by Ronan Farrow for The New Yorker.
Years later, Moonves was allegedly furious when he found out Simon & Schuster-which, like CBS, is a subsidiary of Viacom-would be publishing a book by Jackson. Moonves is now facing sexual harassment allegations.