CBS News CEO Wendy McMahon quits
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One of the most powerful women in broadcast news is walking away from CBS, and her departure signals deeper changes brewing behind the scenes.
McMahon has come into conflict with Redstone several times since taking over operations in August 2023. McMahon’s controversial overhaul of CBS Evening News reportedly caused a steep decline in viewers and an incident involving an interview with Ta-Nehisi Coates once again put the two at odds.
Paramount Group disclosed that its board initiated a review and evaluation of strategic alternatives to maximize shareholder value.