Overview

• Wendy McMahon announced her resignation as CBS News President and CEO, citing disagreements over the company's direction during a challenging period.
• Her departure follows the resignation of '60 Minutes' executive producer Bill Owens, who left due to concerns over editorial independence.
• The resignations come as Paramount Global, CBS's parent company, is in mediation talks to settle Donald Trump's $20 billion lawsuit over alleged deceptive editing of a Kamala Harris interview.
• Paramount's controlling shareholder, Shari Redstone, supports settling the lawsuit to secure federal approval for an $8 billion merger with Skydance Media.
• Tom Cibrowski and Jennifer Mitchell will temporarily lead CBS News and Stations as McMahon transitions out of her role in the coming weeks.