Latest news with #CBSNewsandStations
Yahoo
19-05-2025
- Business
- Yahoo
Wendy McMahon to Step Down as President of CBS News and Stations
Wendy McMahon will step down from her role as CEO of CBS News and Stations. In an email to staffers she said, "it's become clear that the company and I do not agree on the path forward. It's time to move on and for this organization to move forward with new leadership." Variety said her departure may signal that that Paramount intends to settle its legal conflict with Trump, even if doing so will undermine 60 Minutes and the news division. Trump sued CBS, alleging it edited an interview with 2024 Democratic opponent Kamala Harris last fall to benefit her. McMahon felt in recent weeks that Paramount was increasingly encroaching on the news division, according to a person familiar with the matter, and grew weary of having to fend off the corporation's executives. "It's become clear that the company and I do not agree on the path forward," McMahon said in a memo to staffers Monday. "It's time for me to move on and for this organization to move forward with new leadership. I have spent the last few months shoring up our businesses and making sure the right leaders are in place; and I have no doubt they will continue to set the standard."McMahon joined CBS in 2021. Before that, she oversaw the ABC Owned Television Stations Group. In 2023, when she was given sole oversight over CBS News and local stations.
Yahoo
19-05-2025
- Business
- Yahoo
CBS News President and CEO Wendy McMahon stepping down
Wendy McMahon announced on Monday that she will step down from her role as president and CEO of CBS News and Stations and CBS Media Ventures. McMahon, who joined CBS in 2021 and has held the CEO role since 2023, called the job one of the most meaningful of her career, but noted the past few months had been challenging. "It's become clear that the company and I do not agree on the path forward," she wrote in a note to staffers. "It's time for me to move on and for this organization to move forward with new leadership." McMahon is departing ahead of a pending merger between parent company Paramount Global and Skydance, and amid a lawsuit filed by President Trump against the network. The suit alleges "60 Minutes" intentionally misled the public in editing an interview with then-Vice President Kamala Harris about her presidential candidacy — claims that the network has repeatedly said are "completely without merit." The Federal Communications Commission is also investigating a complaint focused on the Harris interview, which was filed by a conservative group and alleged news distortion, a claim CBS denies. McMahon's departure follows that of "60 Minutes" executive producer Bill Owens, who announced in April that he would depart at the end of the season. In a note to staffers, Owens said it had "become clear that I would not be allowed to run the show as I have always run it." Mr. Trump's lawsuit initially demanded $10 billion in damages, which he has since increased to $20 billion. His lawsuit claims that millions of voters "were confused and misled by the two doctored interview versions," citing two different portions of Harris' response to the same question about conflicts in the Middle East. One aired in an early excerpt on "Face the Nation," while the other appeared in the full "60 Minutes" broadcast. "Former President Trump's repeated claims against 60 Minutes are false," the network's statement said. "The Interview was not doctored or deceitful." The lawsuit, filed in a Texas district where the lone judge was appointed by Mr. Trump in 2019, attempts to employ a consumer protection law. It's viewed as "frivolous" and an infringement on First Amendment rights by legal experts. Mediation has begun between Paramount and Mr. Trump's legal team. Raw Video: Mexican navy training ship hits Brooklyn Bridge Italy's Trulli: From Past to Present Judge weighing throwing out Sean "Diddy" Combs trial testimony
Yahoo
19-05-2025
- Entertainment
- Yahoo
Wendy McMahon Resigns as Head of CBS News: 'Company and I Do Not Agree on the Path Forward'
Wendy McMahon is exiting CBS News. 'It's become clear that the company and I do not agree on the path forward,' McMahon said in a memo to staff on Monday. 'It's time for me to move on and for this organization to move forward with new leadership. I have spent the last few months shoring up our businesses and making sure the right leaders are in place; and I have no doubt they will continue to set the standard.' More from The Hollywood Reporter Has '60 Minutes' Run Out of Time? Shari Redstone's Painful Predicament '60 Minutes' Addresses EP Bill Owens' Departure in On-Air Segment: "Paramount Began to Supervise Our Content in New Ways" CBS News Pushes Into Video Podcasts With '48 Hours: Post Mortem' (Exclusive) Here is McMahon's full memo: Hi everyone,Today, I am stepping down from my position as president and CEO of CBS News and Stations and CBS Media Ventures. This has been one of the most meaningful chapters in my career. Leading this extraordinary organization has been the honor of a lifetime because I got to work alongside all of you. Your commitment to truth, fairness and the highest standards is unassailable. Championing and supporting the journalism produced by the most amazing stations and bureaus in the world, celebrating the successes of our shows and our brands, elevating our stories and our people … It has been a privilege and joy. At the same time, the past few months have been challenging. It's become clear that the company and I do not agree on the path forward. It's time for me to move on and for this organization to move forward with new leadership. I have spent the last few months shoring up our businesses and making sure the right leaders are in place; and I have no doubt they will continue to set the standard. You are in incredibly good hands with Tom, Jennifer, John, Matt and Robert. They are phenomenal leaders and people who will continue to protect and celebrate your work. I am sure of it. To George: Thank you for this opportunity. To our viewers: Thank you for your trust. You hold us accountable, and you remind us why this work matters. To the CBS News and Stations and CMV teams: Thank you for your passion, your professionalism and your partnership. It has been a privilege to walk this path with That 'George' there refers to George Cheeks, one of the three Paramount Global CEOs. Here is his own email sent to staff: CBS Team,Moments ago, Wendy McMahon announced her decision to step down as president and CEO of CBS News and Stations and CBS Media Ventures (CMV). Below is the email she shared with her teams. Going forward, CBS News president Tom Cibrowski and CBS Stations president Jennifer Mitchell will each report directly to me. For CMV, Scott Trupchak, who heads advertising sales, and John Budkins, who oversees programming and production, will report to Bryon Rubin, CBS' chief operating officer and CFO. Wendy will be with us for a few weeks to support the transition. On a personal note, I want to thank Wendy for her partnership over the past four years. Under her leadership, the competitive position and culture at our television stations have improved dramatically, and we've expanded local news significantly. Our streaming news platforms – national and local – are stronger and growing, with digital extensions now in place for several of our flagship CBS News broadcasts. In a rapidly changing world, Wendy and her teams have worked diligently to articulate a vision and lay a foundation that adapts our news operations for the future. This includes advancements in data journalism, community journalism, technology and centralizing editorial decisions to help teams move faster. Please join me in thanking Wendy for all these contributions and wishing her much success in what she does Best of The Hollywood Reporter How the Warner Brothers Got Their Film Business Started Meet the World Builders: Hollywood's Top Physical Production Executives of 2023 Men in Blazers, Hollywood's Favorite Soccer Podcast, Aims for a Global Empire
Yahoo
19-05-2025
- Business
- Yahoo
Wendy McMahon Resigns As CEO Of CBS News And Stations
Wendy McMahon has announced her resignation as the president and CEO of CBS News and Stations, the latest departure from the network amid the pending acquisition by Skydance. McMahon wrote to staffers, 'Championing and supporting the journalism produced by the most amazing stations and bureaus in the world, celebrating the successes of our shows and our brands, elevating our stories and our people … It has been a privilege and joy. More from Deadline Donald Trump Attacks Emmys For '60 Minutes' Nomination Claire Day Named London Bureau Chief For CBS News Trump 101: Why POTUS' Lawsuit Against CBS Over '60 Minutes' Is Seen As Dubious - Analysis 'At the same time, the past few months have been challenging. It's become clear that the company and I do not agree on the path forward. It's time for me to move on and for this organization to move forward with new leadership.' More to come. Best of Deadline Sean 'Diddy' Combs Sex-Trafficking Trial Updates: Cassie Ventura's Testimony, $10M Hotel Settlement, Drugs, Violence, & The Feds 'Nine Perfect Strangers' Season 2 Release Schedule: When Do New Episodes Come Out? Everything We Know About Ari Aster's 'Eddington' So Far
Yahoo
19-05-2025
- Business
- Yahoo
Wendy McMahon Resigns As CEO Of CBS News And Stations
Wendy McMahon has announced her resignation as the president and CEO of CBS News and Stations, the latest departure from the network amid the pending acquisition by Skydance. McMahon wrote to staffers, 'Championing and supporting the journalism produced by the most amazing stations and bureaus in the world, celebrating the successes of our shows and our brands, elevating our stories and our people … It has been a privilege and joy. More from Deadline Donald Trump Attacks Emmys For '60 Minutes' Nomination Claire Day Named London Bureau Chief For CBS News Trump 101: Why POTUS' Lawsuit Against CBS Over '60 Minutes' Is Seen As Dubious - Analysis 'At the same time, the past few months have been challenging. It's become clear that the company and I do not agree on the path forward. It's time for me to move on and for this organization to move forward with new leadership.' More to come. Best of Deadline Sean 'Diddy' Combs Sex-Trafficking Trial Updates: Cassie Ventura's Testimony, $10M Hotel Settlement, Drugs, Violence, & The Feds 'Nine Perfect Strangers' Season 2 Release Schedule: When Do New Episodes Come Out? Everything We Know About Ari Aster's 'Eddington' So Far
