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3h ago

CBS News Leadership Faces Upheaval as Wendy McMahon Resigns

McMahon's exit follows escalating tensions over journalistic independence and corporate pressure to settle Trump's $20 billion lawsuit while pursuing an $8 billion 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, president and CEO of CBS News, announced her resignation, citing irreconcilable differences with the company’s direction.
  • McMahon's departure comes as parent company Paramount Global seeks to settle a $20 billion lawsuit filed by President Trump over alleged deceptive editing of a Kamala Harris interview on '60 Minutes.'
  • The resignation follows that of '60 Minutes' executive producer Bill Owens, who stepped down in April citing a loss of editorial independence.
  • Paramount is navigating legal mediation with Trump while also seeking federal approval for an $8 billion merger with Skydance Media, which could financially benefit controlling shareholder Shari Redstone.
  • Concerns over press freedom have grown as the Federal Communications Commission, led by a Trump appointee, continues its scrutiny of CBS during this politically charged period.