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CBS News President Resigns as Trump Lawsuit and Merger Talks Escalate

Wendy McMahon steps down, citing disagreements with Paramount over journalistic independence and corporate priorities during high-stakes legal and regulatory battles.

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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 president and CEO of CBS News, highlighting irreconcilable differences with Paramount Global's direction.
  • Her departure follows that of '60 Minutes' executive producer Bill Owens, who also cited a loss of editorial independence under corporate pressure.
  • The $20 billion lawsuit filed by Donald Trump against CBS over alleged deceptive editing of a Kamala Harris interview remains unresolved, with mediation ongoing.
  • Paramount Global's controlling shareholder, Shari Redstone, is reportedly pushing for a settlement to secure federal approval for an $8 billion merger with Skydance Media.
  • CBS News has publicly rejected Trump's claims, defending its editorial practices and submitting unedited transcripts to the FCC, which is conducting a 'news distortion' inquiry.