PULSE POINTS:
❓What Happened: Wendy McMahon, CBS News president and CEO, announced her resignation, citing disagreements on the company’s direction.
👥 Who’s Involved: Wendy McMahon, George Cheeks (CBS CEO), Bill Owens (former “60 Minutes” producer), Paramount Global, and Donald Trump.
📍 Where & When: CBS News, announcement made Monday, October 2023.
💬 Key Quote: “It’s become clear that the company and I do not agree on the path forward,” McMahon stated in her resignation memo.
⚠️ Impact: McMahon’s departure is the second high-profile exit within a month, as CBS News faces internal tensions over a merger and a $20 billion lawsuit from Trump.
IN FULL:
Wendy McMahon, president and CEO of CBS News, announced her resignation on Monday, citing disagreements over the company’s future direction. Her departure marks the second significant leadership change at CBS News in recent weeks, following the exit of longtime “60 Minutes” producer Bill Owens.
In a memo to staff, McMahon, who assumed leadership of CBS News in 2023, called her tenure “a privilege and joy” but acknowledged recent challenges. “It’s become clear that the company and I do not agree on the path forward,” she wrote. “It’s time for me to move on and for this organization to move forward with new leadership.”
George Cheeks, president and CEO of CBS, responded in a separate memo, praising McMahon’s contributions. “Under her leadership, the competitive position and culture at our television stations have improved dramatically, and we’ve expanded local news significantly,” he stated.
McMahon’s resignation follows the exit of Bill Owens, who stepped down after alleging that “60 Minutes” had lost its journalistic independence. Owens cited unsustainable internal pressures from Paramount executives in his farewell memo.
The upheaval comes as CBS News’ parent company, Paramount Global, works to finalize an $8 billion merger with Skydance Media. The merger, which requires federal approval, has reportedly created internal discord. At the same time, Paramount is addressing a $20 billion lawsuit from former President Donald Trump. The lawsuit alleges that “60 Minutes” selectively edited an interview with former Vice President Kamala Harris.
While media types have dismissed the lawsuit as baseless, Owens pointed to mounting challenges in his resignation memo, writing, “Having defended this show — and what we stand for — from every angle, over time with everything I could, I am stepping aside so the show can move forward.”
CBS has yet to announce who will succeed McMahon as the network navigates these ongoing challenges.