From CNBC: 2025-05-19 15:55:00

Wendy McMahon, President and Co-Head of CBS News and Stations, steps down after Paramount Global co-CEO George Cheeks asked for her resignation. McMahon cited disagreements with the company’s direction as the reason for her departure. The move comes after increased scrutiny of “60 Minutes” programming and tensions with controlling shareholder Shari Redstone.

Paramount Global is seeking government approval to merge with Skydance Media, offering over $1.5 billion to Redstone for her controlling share. The FCC is delaying the merger due to negotiations over the “60 Minutes” interview and corporate diversity initiatives. Paramount previously ended its DEI policies in compliance with a Trump executive order.

Tensions between McMahon and Redstone escalated over CBS News coverage of the Israeli-Palestinian conflict and a dispute with the Trump administration. Redstone criticized McMahon’s handling of CBS News and its business performance. McMahon’s resignation comes amid a battle for control between CBS News and Paramount Global, led by Shari Redstone.



Read more at CNBC: Paramount ousts CBS News CEO Wendy McMahon