CBS News crisis deepens as Wendy McMahon and Bill Owens resign

 May 23, 2025 
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An unexpected string of high-profile resignations has sent shockwaves through CBS News as the network faces mounting legal and regulatory pressure from President Donald Trump’s administration.

According to The Hill, CBS News President Wendy McMahon and “60 Minutes” executive producer Bill Owens have both departed in recent weeks, a development which many staffers believe signals a potential settlement in the $10 billion lawsuit brought by Trump against the network. 

The root of the crisis lies in Trump’s lawsuit over a “60 Minutes” interview with former Vice President Kamala Harris, which his legal team claims was intentionally edited to favor Harris just before the November election. CBS has denied wrongdoing, releasing a full transcript after intense public pressure from Trump and his allies, and has vowed to defend itself in court. Meanwhile, business interests involving CBS’s parent company, Paramount, have further complicated the situation.

Executive shakeup rattles CBS newsroom

Wendy McMahon’s resignation this week, following closely after Bill Owens’s exit, has fueled internal anxiety and rumors of a looming deal with Trump. Neither executive mentioned the lawsuit directly in their public statements, but both cited an inability to independently lead CBS during this period of heightened scrutiny and legal threat. Their departures are widely viewed within the network as a sign that corporate leadership may be preparing to settle with Trump, possibly at the expense of editorial independence.

A Republican operative, speaking to The Hill, summarized the mood: “In some ways, it feels like Trump has already won this fight. He wants to be covered positively by all of these networks, and this is a pretty clear sign his plan to intimidate is working.” The implication is that CBS’s willingness to consider a settlement may embolden further efforts by Trump to exert pressure on media outlets.

Adding to the uncertainty, Paramount is seeking approval from Trump-appointed federal regulators for a nearly $30 billion merger with Skydance. This pending business before the administration raises questions about whether legal or editorial concessions to the president could influence regulatory outcomes.

Paramount merger and newsroom tensions

The pending Paramount-Skydance deal has raised eyebrows both inside and outside CBS, as the company faces steep financial losses and increasing regulatory scrutiny. “60 Minutes” correspondent Scott Pelley made an unusual on-air reference to the merger, warning viewers that Paramount had begun to “supervise” coverage of the Trump administration “in new ways.” This comment highlighted the growing influence of business considerations on editorial decisions at the network.

Shari Redstone, Paramount’s longtime chair, stands to benefit financially from the merger and has reportedly been dissatisfied with CBS’s coverage of the Trump administration. According to reports, her frustration has contributed to an atmosphere of dread and frustration among CBS journalists, who fear that a settlement with Trump could undermine the prestige and independence of “60 Minutes,” the network’s flagship news program.

Ben Bogardus, a journalism professor at Quinnipiac University, observed:

People in high positions in media have a unique ability to take a moral stand more than your average everyday journalist. Other CBS journalists could follow them, if they feel the pressure to cover news a certain way isn’t pulled back by CBS executives.

Political scrutiny and legal implications

The apparent willingness of Paramount to consider an out-of-court settlement with President Trump has not gone unnoticed in Washington. Three senators have written to Shari Redstone, expressing concern that the company “may be engaging in improper conduct involving the Trump administration.” They warned that any quid pro quo involving regulatory relief could violate federal bribery laws.

A Paramount spokesperson denied any connection between the Trump lawsuit and the Skydance merger, stating, “We will abide by the legal process to defend our case.” Yet reports suggest mediation talks are already underway, with a potential settlement rumored to involve up to $50 million and a formal apology.

Meanwhile, Trump’s allies have continued their campaign against CBS and other networks, urging the FCC to investigate coverage they deem unfavorable. FCC Chair Brendan Carr has signaled support for a “news distortion” complaint regarding the Harris interview, adding an additional layer of legal peril for CBS.

Matthew Gertz, a senior fellow at Media Matters for America, commented on the broader implications:

Something that Trump understands is the media outlets he hates have larger corporate structures that he can appeal to which are not terribly interested in journalism. In this case, he’s wielding the power of the federal government to get that corporate ownership structure to work to his benefit.

CBS under fire

CBS is not alone in facing legal threats from President Trump. In December, ABC News paid $15 million and issued a public apology after anchor George Stephanopoulos falsely claimed Trump had been convicted of rape. CBS itself has weathered a series of scandals in recent years, including the ousting of top executives and anchor resignations amid allegations of bias and misconduct.

Network insiders say Trump’s renewed pressure campaign exploits ongoing turmoil within the media industry. One Republican operative told The Hill, “I think Trump’s team really senses it’s been rough at CBS, and all of these networks, for a while now. If this goes where it looks like it’s headed, it could really be one of the final nails in the coffin.” The coming weeks will be critical for CBS and its parent company.

About Robert Cunningham

Robert is a conservative commentator focused on American politics and current events. Coverage ranges from elections and public policy to media narratives and geopolitical conflict. The goal is clarity over consensus.
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