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CBS News CEO Wendy McMahon Resigns During Trump Lawsuit Negotiations

McMahon's departure follows disputes over journalistic independence as Paramount seeks to settle Trump’s $20 billion lawsuit to advance its Skydance merger.

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FILE - Wendy McMahon attends The Hollywood Reporter's annual Most Powerful People in Media issue celebration in New York on May 17, 2022. (Photo by Evan Agostini/Invision/AP, File)
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Overview

  • Wendy McMahon announced her resignation as CEO of CBS News, citing irreconcilable differences with the company’s direction.
  • Her exit comes as CBS parent Paramount Global mediates a $20 billion lawsuit filed by President Trump over alleged deceptive editing of a '60 Minutes' interview with Kamala Harris.
  • McMahon supported former '60 Minutes' executive producer Bill Owens, who resigned in April over concerns about the loss of editorial independence.
  • Paramount’s controlling shareholder, Shari Redstone, reportedly favors settling the lawsuit to gain regulatory approval for an $8 billion merger with Skydance Media.
  • George Cheeks, Paramount’s co-CEO, announced that Tom Cibrowski and Jennifer Mitchell will now report directly to him during the leadership transition.