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    Home»Economy & Business»CBS Information CEO Wendy McMahon Is Quitting: Learn the Memo
    Economy & Business

    CBS Information CEO Wendy McMahon Is Quitting: Learn the Memo

    AdminBy AdminMay 19, 2025No Comments4 Mins Read
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    CBS News CEO Wendy McMahon Is Quitting: Read the Memo
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    “60 Minutes” is left with out one other key ally as CBS Information head Wendy McMahon has stop, citing disagreement with the corporate’s path ahead.

    Her exit is the newest surprising flip of occasions in CBS dad or mum Paramount’s ongoing face-off with President Donald Trump.

    “It is develop into clear that the corporate and I don’t agree on the trail ahead,” McMahon, president and CEO of CBS Information and Stations and CBS Media Ventures, wrote in a memo obtained by Enterprise Insider. “It is time for me to maneuver on and for this group to maneuver ahead with new management.”

    Her departure comes a month after “60 Minutes” longtime govt producer Invoice Owens stop the celebrated information program, saying he might now not run this system independently.

    On the time, Owens mentioned McMahon had “60 Minutes'” again, whereas McMahon praised Owens for his “unwavering integrity, curiosity, and a deep dedication to the reality.” She mentioned then that CBS remained dedicated to “60 Minutes” and would be sure that its mission and the work stay a precedence.

    “It isn’t an excellent signal,” a “60 Minutes” worker informed BI. “She and Invoice had been very shut. Seems like he was the primary goal and so they needed her gone, too. However they unfold it out. Additionally, they waited till the ’60 Minutes’ season was over, by hours.”

    The worker expressed concern that the guarantees McMahon made to protect the work of “60 Minutes” and promote from inside to succeed Owens might go by the wayside.

    CBS is in talks to settle a $20 billion authorized battle with President Trump. Final 12 months, he sued the community over its “60 Minutes” pre-election interview with then-Vice President Kamala Harris.

    The authorized bother has forged a shadow over the CBS dad or mum firm Paramount’s long-standing plan to promote to the Hollywood manufacturing firm Skydance, which requires FCC approval.

    Trump and his allies have repeatedly focused the mainstream press.

    CBS CEO George Cheeks praised McMahon in a memo that was additionally seen by BI, saying her contributions improved the community’s native information, competitiveness, and streaming operations. He mentioned CBS Information president Tom Cibrowski and CBS Stations president Jennifer Mitchell will report on to him going ahead.

    For CBS Media Ventures, which McMahon additionally oversaw, Cheeks mentioned Scott Trupchak, who heads promoting gross sales, and John Budkins, who oversees programming and manufacturing, will report back to Bryon Rubin, CBS’s chief working officer and CFO.

    Here is the textual content of McMahon’s full memo to workers:

    Hello everybody,

    At the moment, I’m stepping down from my place as president and CEO of CBS Information and Stations and CBS Media Ventures.

    This has been probably the most significant chapters in my profession. Main this extraordinary group has been the respect of a lifetime as a result of I started working alongside all of you. Your dedication to reality, equity and the very best requirements is unassailable.

    Championing and supporting the journalism produced by probably the most wonderful stations and bureaus on this planet, celebrating the successes of our exhibits and our manufacturers, elevating our tales and our folks … It has been a privilege and pleasure.

    On the identical time, the previous few months have been difficult. It is develop into clear that the corporate and I don’t agree on the trail ahead. It is time for me to maneuver on and for this group to maneuver ahead with new management.

    I’ve spent the previous few months shoring up our companies and ensuring the best leaders are in place; and I’ve little doubt they are going to proceed to set the usual.

    You might be in extremely good fingers with Tom, Jennifer, John, Matt and Robert. They’re phenomenal leaders and individuals who will proceed to guard and rejoice your work. I’m certain of it.

    To George: Thanks for this chance.

    To our viewers: Thanks in your belief. You maintain us accountable, and also you remind us why this work issues.

    To the CBS Information and Stations and CMV groups: Thanks in your ardour, your professionalism and your partnership. It has been a privilege to stroll this path with you.

    Wendy

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