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Stock impact report

‘60 Minutes' executive producer resigns, citing a loss of independence in the wake of Trump lawsuit [CNN]

Paramount Global - Class A (PARAA) 
Company Research Source: CNN
In a memo obtained by CNN, Owens said to “60 Minutes” staff that the last few months have made it clear that he “would not be allowed to run the show as I have always run it” or make “independent decisions based on what was right for 60 Minutes.” “So, having defended this show — and what we stand for — from every angle, over time with everything I could, I am stepping aside so the show can move forward,” Owens wrote, adding that “the show is too important to the country, it has to continue, just not with me as the Executive Producer.” However, Owens praised Wendy McMahon, stressing that the CBS News chief executive “has always had our back, and agrees that 60 Minutes needs to be run by a 60 Minute (sic) producer.” Owens' decision to step down, which was first reported by The New York Times, comes as media outlets' credibility has hit a low and as outlets find themselves under attack — including frequent jabs from the White House. In November, President Donald Trump slapped CBS Show less Read more
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