The NFL did the right thing by indefinitely suspending star running back Ray Rice after he was caught on tape punching the woman who is now his wife, and the incident will not affect CBS' long-term deal with the football franchise, CBS President and CEO Les Moonves told CNBC Wednesday.
"It was horrific. It was horrible to see. It was horrible to hear about, but the NFL is still an important part of America. It's still an important part of CBS," Moonves said in an interview with "Closing Bell."
While the incident occurred in February, video of Rice punching his then-fiancee in the face inside an elevator in Atlantic City has only surfaced in recent days. On Monday, the Baltimore Ravens cut Rice from the team. The NFL originally suspended him for two days, but has since made the suspension indefinite.