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Paramount ousts CBS News CEO Wendy McMahon amid divide with leadership
PGREParamount (PGRE) CNBC·2025-05-19 17:26

CBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest twist in a growing battle of wills between the company's news division and Paramount Global controlling shareholder Shari Redstone.Paramount Global co-CEO George Cheeks had a discussion with McMahon Saturday and asked for her resignation, according to people familiar with the matter. McMahon agreed to step down, and the Paramount Global board held a meeting Sunday at which members were made aware of the decision ...