esident Trump’s $20 billion lawsuit against the network’s parent company Paramount for deceptively editing a ’60 Minutes’ interview with Kamala Harris.
“It’s become clear that the company and I do not agree on a path forward,” Wendy McMahon said in an email to staff just weeks after the top “60 Minutes” producer resigned.
President Trump originally sought $10 billion in damages, but earlier this year he amended the complaint and increased it to $20 billion.
The New York Times reported:
CBS News faced another shock wave on Monday after its president, Wendy McMahon, abruptly said that she would exit her post, the latest development in an ongoing showdown between the news division and President Trump.
Ms. McMahon, whose full title was president of CBS News and Stations, said in a memo that “it’s become clear the company and I do not agree on the path forward.”
Tensions between Ms. McMahon and CBS’s parent company, Paramount, have simmered for months, a period that Ms. McMahon described in her memo as “challenging.”
Paramount is in talks to settle a $20 billion lawsuit brought by Mr. Trump that accused “60 Minutes” of deceptively editing an interview last year with his Democratic opponent, Kamala Harris.
Many legal experts have called the suit baseless, but Paramount’s controlling shareholder, Shari Redstone, has said she favors settling the case. She is seeking the Trump administration’s approval for a multibillion-dollar sale of her company to a Hollywood studio, Skydance.
CBS executives are reportedly worried ongoing litigation with President Trump will interfere with a merger with Skydance.
Hellbound and Down 