Wendy McMahon said in a memo that her time atop the stalwart news brand has been "a privilege and joy," but that the past few months had been "challenging."

Wendy McMahon, the president and CEO of CBS News, will step down from her position, as the company and her have differing views on the path forward, according to a memo seen by Reuters on Monday.

Paramount is in talks to settle a $20 billion lawsuit brought by Mr. Trump that accused “60 Minutes” of deceptively editing an interview with his Democratic opponent, Kamala Harris.