Updated: MSNBC, CBS Cancel Imus

Update: CBS Radio has just dropped Imus - IMMEDIATELY (no show tomorrow)!

NEW YORK (CNN) -- CBS has canceled Don Imus' radio show, effective immediately, after uproar over his racist and sexist comments about Rutgers women's basketball team.

"From the outset, I believe all of us have been deeply upset and revulsed by the statements that were made on our air about the young women who represented Rutgers University in the NCAA Women's Basketball Championship with such class, energy and talent," said CBS President and Chief Executive Officer Leslie Moonves, in announcing the decision.

The decision by CBS came a day after NBC Universal decided to part ways with Imus, thus canceling the simulcast of his show on MSNBC.

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The next question is, what will CBS radio do? From MSNBC:

MSNBC said Wednesday it will drop its simulcast of the "Imus in the Morning" radio program, responding to growing outrage over the radio host's racial slur against the Rutgers women's basketball team.

In a statement, NBC News announced "this decision comes as a result of an ongoing review process, which initially included the announcement of a suspension. It also takes into account many conversations with our own employees. What matters to us most is that the men and women of NBC Universal have confidence in the values we have set for this company. This is the only decision that makes that possible."

…The network's decision came after a growing list of sponsors - including American Express Co., Staples Inc., Procter & Gamble Co., and General Motors Corp. - said they were pulling ads from Imus' show for the indefinite future.

NBC Today show weatherman Al Roker, has a unique insider perspective on what went on. His comments in his column about Imus were made prior to this announcement of the cancelation of the simulcast, but it's a telling description of ...