CBS News chief steps down as $20 billion lawsuit looms
Wendy McMahon, president and CEO of Paramount Global’s CBS News, has resigned, telling staff she no longer agrees with decisions made by upper management.
McMahon said in a memo to staff: “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 organisation to move forward with new leadership.”
Her resignation comes in the midst of an ongoing US$20 billion lawsuit brought by Donald Trump against CBS News and parent company Paramount Global.