Wendy McMahon, who is president and chief executive of Paramount Global-owned (PARA) CBS News, is stepping down from her role, multiple media reports said Monday.
In a memo to CBS News staff McMahon said she and the company are in disagreement "on the path forward." McMahon was named as CEO of CBS News in 2023, the reports said.
PARA shares were edging 0.6% lower in recent trading.
Price: 11.64, Change: -0.06, Percent Change: -0.56
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.