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12h ago

CBS News President Resigns Following Corporate Disputes Over Trump Lawsuit

Wendy McMahon steps down citing disagreements with Paramount Global as the company pursues a settlement with Trump and a high-stakes merger with Skydance Media.

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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 CBS News president and CEO, referencing challenges and differing views with Paramount Global on the network’s direction.
  • Her departure follows the resignation of '60 Minutes' executive producer Bill Owens, who cited a loss of editorial independence under corporate pressure.
  • Paramount Global is negotiating a settlement with President Trump over a $20 billion lawsuit alleging deceptive editing of a Kamala Harris interview on '60 Minutes.'
  • The lawsuit and settlement discussions are tied to Paramount's efforts to secure federal approval for its $8 billion merger with Skydance Media.
  • CBS News leadership has been restructured, with Tom Cibrowski and Jennifer Mitchell now reporting directly to Paramount co-CEO George Cheeks during the transition.