(DCNF)—Wendy McMahon announced in a memo to staff Monday that she is stepping down from her role as president and CEO of CBS News and Stations.
McMahon stated that the past few months have been a “challenging” time and that she and the company are in disagreements about the path going forward, according to a memo obtained by the Daily Caller News Foundation. Her resignation follows an ongoing legal battle with President Donald Trump, who is suing the network and its program, “60 Minutes,” for allegedly editing an interview with former Vice President Kamala Harris in an effort to benefit her.
“Today, I am stepping down from my position as president and CEO of CBS News and Stations and CBS Media Ventures,” McMahon wrote in the memo. “This has been one of the most meaningful chapters in my career. Leading this extraordinary organization has been the honor of a lifetime because I got to work alongside all of you. Your commitment to truth, fairness and the highest standards is unassailable … At the same time, the past few months have been challenging. It’s become clear that the company and I do not agree on the path forward. It’s time for me to move on and for this organization to move forward with new leadership.”
Paramount Global President George Cheeks, the head of CBS’ parent company, said he wanted to thank McMahon for her “partnership” and successful “leadership” over the last four years,” according to a statement obtained by the DCNF.
“On a personal note, I want to thank Wendy for her partnership over the past four years,” Cheeks wrote. “Under her leadership, the competitive position and culture at our television stations have improved dramatically, and we’ve expanded local news significantly. Our streaming news platforms – national and local – are stronger and growing, with digital extensions now in place for several of our flagship CBS News broadcasts.”
Trump filed a $20 billion lawsuit against CBS News after the network appeared to manipulate the “60 Minutes” interview with Harris. The lawsuit alleged that CBS News omitted parts of Harris’ answer that cast doubt on former President Joe Biden’s administration’s stance on Israel’s military actions, arguing that the action was a “deliberate deception” to benefit Harris ahead of the 2024 election.
Paramount’s controlling shareholder, Shari Redstone, said she is in favor of settling the lawsuit with Trump by seeking his agreement to sell her company to Skydance, a Hollywood studio, according to The New York Times. The lawsuit prompted Bill Owens, the now-former executive producer of “60 Minutes,” to resign from his position in April, stating that he had lost journalistic independence.
Trump further accused “60 Minutes” in a Truth Social post of reporting about him in a “derogatory and defamatory way” during their coverage of two stories on him in April. He called on the Federal Communications Commission (FCC) to revoke CBS News’ license and “impose the maximum fines and punishment” for allegedly attempting to help Harris win the 2024 election.
“I am so honored to be suing 60 Minutes, CBS Fake News, and Paramount, over their fraudulent, beyond recognition, reporting,” Trump said in an April 14 post. “They did everything possible to illegally elect Kamala, including completely and corruptly changing major answers to Interview questions, but it just didn’t work for them. They are not a “News Show,” but a dishonest Political Operative simply disguised as ‘News,’ and must be responsible for what they have done, and are doing.”
“They should lose their license!” Trump continued. “Hopefully, the Federal Communications Commission (FCC), as headed by its Highly Respected Chairman, Brendan Carr, will impose the maximum fines and punishment, which is substantial, for their unlawful and illegal behavior.”
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At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
