CBS News President to Step Down

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Ingrid Ciprian-Matthews, the CBS News president, announced on Wednesday that she would step down from her role in the next few weeks and would move into a senior adviser role through the presidential election. In a memo to employees, Ms. Ciprian-Matthews suggested she was leaving the position before the network’s parent, Paramount Global, began widespread job cuts. “We all know our industry and company are going through a transformation and a number of short- and long-term decisions need to be made,” she said. “I do not want to be disingenuous with any of you about who should drive these decisions.” Ms. Ciprian-Matthews will leave the company after the election. Earlier this week, Paramount Global announced it would merge with Skydance, a long-awaited move for Paramount, which has been in dire financial straits as the traditional cable bundle continues to unravel. The new leadership team that will take over Paramount after the deal closes — which is not expected until some time next year — has announced that it wants to find $2 billion in cost savings.