CBS News President Ingrid Ciprian-Matthews to Step Down

Ingrid Ciprian-Matthews, the President of CBS News, has announced her decision to step down from her current role in the coming weeks. She will transition into a senior adviser position, focusing on guiding the network’s political coverage through the upcoming presidential election.

In a memo to CBS employees, Ciprian-Matthews indicated that her departure precedes anticipated job cuts within the network’s parent company, Paramount Global. She emphasized the importance of making necessary decisions transparently and expressed her commitment to facilitating the transition.

Paramount Global recently revealed plans to merge with Skydance, a strategic move aimed at addressing financial challenges amid shifts in the media landscape. The new leadership team set to oversee Paramount post-merger aims to achieve significant cost savings, with immediate plans for $500 million in cuts, including workforce reductions.

Ciprian-Matthews, who assumed the role of CBS News President last year after a longstanding career at CBS, will depart following the presidential election. Wendy McMahon, the CEO of CBS News, Stations, and CBS Media Ventures, announced Ciprian-Matthews’ continued advisory role and assured employees of forthcoming updates on a new president.

With the evolving dynamics in the news industry, the role of broadcast news presidents has evolved, with editorial leadership often intersecting with business-focused strategies.