Overview

• Wendy McMahon announced her resignation as president and CEO of CBS News, citing irreconcilable differences with the company's direction.
• Her exit comes during legal mediation with President Trump over a $20 billion lawsuit alleging deceptive editing in a '60 Minutes' interview with Kamala Harris.
• McMahon's resignation follows that of '60 Minutes' executive producer Bill Owens, who left citing concerns over journalistic independence.
• Paramount Global is reportedly seeking to settle the Trump lawsuit as it pursues FCC approval for its proposed merger with Skydance Media.
• CBS News President Tom Cibrowski and CBS Stations President Jennifer Mitchell will now report directly to Paramount co-CEO George Cheeks.