Overview
- Wendy McMahon announced her resignation as CBS News CEO on May 19, citing disagreements with Paramount Global over the network's direction.
- The resignation follows ongoing mediation in Donald Trump's $20 billion lawsuit against CBS and '60 Minutes,' alleging deceptive editing of a Kamala Harris interview.
- McMahon's exit comes weeks after '60 Minutes' producer Bill Owens stepped down, citing loss of journalistic independence under corporate pressure.
- Paramount's controlling shareholder, Shari Redstone, is reportedly pushing for a settlement with Trump to secure federal approval for an $8 billion merger with Skydance Media.
- CBS News President Tom Cibrowski and CBS Stations President Jennifer Mitchell will now report directly to Paramount CEO George Cheeks during the leadership transition.