• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
LeadershipMedia

CBS News CEO Wendy McMahon quits as potential Trump lawsuit settlement looms

By
David Bauder
David Bauder
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
David Bauder
David Bauder
and
The Associated Press
The Associated Press
Down Arrow Button Icon
May 19, 2025, 4:29 PM ET
Wendy McMahon attends The Hollywood Reporter's annual Most Powerful People in Media issue celebration in New York on May 17, 2022.
Wendy McMahon attends The Hollywood Reporter's annual Most Powerful People in Media issue celebration in New York on May 17, 2022. Evan Agostini—Invision/AP
Add Fortune on Google for similar content.

CBS News CEO Wendy McMahon said Monday that she is resigning after four years, the latest fallout at the network as its parent company considers settling a lawsuit with President Donald Trump over a “60 Minutes” interview with his former political opponent.

Recommended Video

McMahon, who has led both the network news division and news for the CBS-owned stations, said in an email message to staff that “it’s become clear that the company and I do not agree on the path forward. It’s time to move on and for this organization to move forward with new leadership.”

McMahon has made clear she opposes settling with Trump — just like “60 Minutes” executive producer Bill Owens, who quit last month.

Trump has sued CBS, alleging it edited an interview with 2024 Democratic opponent Kamala Harris last fall to benefit her. CBS News has denied that. CBS’ parent company, Paramount Global, is in talks to potentially settle Trump’s lawsuit. At the same time, Paramount Global is seeking administration approval of a merger with Skydance Media.

George Cheeks, co-CEO of Paramount and head of the CBS network, said McMahon’s top deputies, CBS News president Tom Cibrowski and CBS Stations president Jennifer Mitchell, will report directly to him.

McMahon, in her note, said that “the past few months have been challenging.”

“I have spent the last few months shoring up our businesses and making sure the right leaders are in place, and I have no doubt they will continue to set the standard,” she said.

In addition to the tussle with Trump, Paramount’s controlling shareholder, Shari Redstone, has expressed unhappiness over some network coverage of Israel’s war in Gaza, including a “60 Minutes” piece this winter. Paramount began supervising “60 Minutes” stories in new ways, including asking former CBS News President Susan Zirinsky to look over some of its stories before they aired.

That extra layer contributed to Owens’ resignation. One of the show’s correspondents, Scott Pelley, said on the air that “none of us is happy” about the changes.

CBS News is also trying to establish the new anchor team of John Dickerson and Maurice DuBois at its flagship “CBS Evening News” broadcast amid ratings troubles.

In his note to staff members, Cheeks praised McMahon for expanding local news at CBS stations and improving their competitive positions, along with improving the network’s digital offerings.

Despite the internal tensions, the “60 Minutes” broadcast has done several notably tough stories on the Trump administration, and it has drawn the ire of the president. He attacked the show after one episode in April. “Almost every week, 60 Minutes … mentions the name ‘TRUMP’ in a derogatory and defamatory way,” the president said on social media.

On Sunday’s season finale of “60 Minutes,” a story that had been scheduled and publicly announced about cutbacks at the Internal Revenue Service was not aired. A spokeswoman said it was because on Friday, CBS learned that IRS leadership had told senior staff that it had decided to call some 7,000 probationary employees back to work.

CBS said it would continue to report on the details and broadcast the story some time in the future.

A Trump settlement with Paramount has precedence. The Walt Disney Co. decided in December to pay $15 million to end a Trump libel lawsuit against ABC News over a statement made by the network’s George Stephanopoulos regarding a sexual assault case against Trump.

The new administration has been battling with the media over several fronts, including:

—Engaging in a court fight with The Associated Press over curtailing access because the agency has not followed Trump’s wishes to rename the Gulf of Mexico.

—Making efforts to shut down government-run news services like the Voice of America.

—Cutting funding to public broadcasting.

About the Authors
By David Bauder
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Ray Dalio attends the Fortune Global Forum Riyadh 2025 on October 27, 2025 in Riyadh, Saudi Arabia.
SuccessRay Dalio
Ray Dalio was a ‘terrible student’ who got into investing by golf caddying for Wall Street traders: Now he hires talent who have experienced hardship
By Eleanor PringleJune 29, 2026
3 hours ago
As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test
C-SuiteNext to Lead
As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test
By Ruth UmohJune 29, 2026
3 hours ago
CEOs have forgotten the moderate playbook. The stakes for relearning it have never been higher
NewslettersCEO Daily
CEOs have forgotten the moderate playbook. The stakes for relearning it have never been higher
By Diane BradyJune 29, 2026
4 hours ago
Fed’s Barkin warns of high inflation, but sees signs of relief
EconomyFederal Reserve
Fed’s Barkin warns of high inflation, but sees signs of relief
By Catarina Saraiva and BloombergJune 28, 2026
16 hours ago
Sofia
CommentaryLeadership
This CEO became 3x more productive with AI. Then she read what her daughter wrote about it at Dartmouth
By Maria Colacurcio and Sofia FreiJune 28, 2026
1 day ago
Photo of Bryan and Shannon Miles
SuccessEntrepreneurs
This entrepreneurial couple cashed out their 401(k)s and sold a $126 million company—now they run a U.K. soccer team
By Emma BurleighJune 28, 2026
1 day ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
4 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
2 days ago
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Success
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
By Orianna Rosa RoyleJune 28, 2026
1 day ago
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
Success
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
By Preston ForeJune 28, 2026
1 day ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
1 day ago
Iran is forcing the U.S. into an escalation trap as a 'shadow war' over the Strait of Hormuz heats up that could kill the tenuous ceasefire
Politics
Iran is forcing the U.S. into an escalation trap as a 'shadow war' over the Strait of Hormuz heats up that could kill the tenuous ceasefire
By Jason MaJune 28, 2026
20 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.