Wendy McMahon will take on sole duties leading CBS News and stations while adding oversight of the network’s domestic syndication business.
The appointment follows the announcement on Sunday that Neeraj Khemlani would step down from CBS News leadership. He and McMahon were named presidents and co-heads of CBS News and stations in 2021.
Steve LoCascio Retiring As President Of CBS Media Ventures Amid Restructuring That Combines Division With CBS News & Stations Under Wendy McMahon
Neeraj Khemlani Steps Down As President Of CBS News
The network said that in the new role, McMahon will now lead all of CBS News’ broadcast and streaming operations, 27 local television stations in major U.S. markets, 14 local news streaming channels and and CBS Media Ventures first-run syndication programming. She also will oversee content licensing to television stations and the division’s national advertising sales business.
After Khemlani announced his departure in a memo to staffers, speculation immediately centered on McMahon as taking sole responsibility for the divisions, which were combined two years ago as the network sought to boost its national and local streaming news offerings. Steven LoCascio, current president of CBS Media Ventures, announced plans on Monday to retire at the end of his current contract.
George Cheeks, president and CEO of CBS, said in a statement, “At every turn since joining CBS, Wendy has used her unique skill set as an innovator, business operator and people leader to energize operations, support our best-in-class journalism and position CBS for its multiplatform future. She is a dynamic leader with clear vision who generates forward momentum in every business she touches.”
Before joining CBS, McMahon was president of ABC Owned Television Stations Group, overseeing eight broadcast stations, local newsrooms and streaming assets. She also had been senior vice president of ABC News Digital, and served as vice president of marketing at KABC in Los Angeles.
More to come.
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