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CBS News President Steps Down as Paramount Moves to Settle Trump’s $20 Billion “60 Minutes” Lawsuit

HeadlineMay 21, 2025
Image Credit: Al Drago/Bloomberg via Getty Images

In media news, the president and CEO of CBS News has stepped down, becoming the latest high-profile official to leave the network. Wendy McMahon said in a memo to CBS staff on Monday, “It’s become clear that the company and I do not agree on the path forward.” Her departure comes as CBS’s corporate owner Paramount is seeking FCC approval to complete an $8.4 billion merger with Skydance Media, and as Paramount is in talks to settle a $20 billion lawsuit filed by Donald Trump, who objected to the way that CBS’s “60 Minutes” edited an interview with Kamala Harris. FCC Commissioner Anna Gomez called McMahon’s departure “beyond alarming,” writing, “Independent journalists are being silenced simply because their reporting may threaten the ambitions of their corporate owners. It will only embolden an Administration hell-bent on censoring speech and controlling content.”

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