CBS News CEO Wendy McMahon steps down
CBS News and Stations president and CEO Wendy McMahon on Monday announced she is stepping down from her role, according to a memo sent to staff from Paramount co-CEO George Cheeks. McMahon also oversaw CBS Media Ventures, the network's syndication unit.
Why it matters: Her resignation comes as CBS' parent company Paramount considers settling a $20 billion lawsuit from President Trump over a segment on "60 Minutes."
Zoom in: No new executives are directly replacing McMahon, according to Cheeks' memo.
On the news side, CBS News president Tom Cibrowski and CBS Stations president Jennifer Mitchell will each report directly to Cheeks moving forward.
On the syndication side, CBS' ad sales and programming leads, Scott Trupchak and John Budkins, will now report to Bryon Rubin, CBS' chief operating officer and CFO.
McMahon will stay on with the companies for a "few weeks to support the transition," Cheeks wrote.
Catch up quick: McMahon joined CBS as president and co-head of CBS News in 2021 from ABC. She split the role with Neeraj Khemlani who stepped down from his position in 2023.
After Khemlani's departure, McMahon was named the sole president and CEO of CBS News Stations and CBS Media Ventures.
The big picture: Under McMahon, CBS News expanded its streaming efforts and rejiggered its primetime lineup. But those editorial changes were at times overshadowed by controversies around the company's coverage.
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