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CBS News chief Neeraj Khemlani apparently stepping down

Neeraj Khemlani, president of CBS News, at the yearly White House Correspondents’ Association Dinner in Washington, U.S., April 29, 2023.

Tom Brenner | Reuters

Neeraj Khemlani, the president and co-head of CBS News and Stations, is stepping down from his function, according to a Sunday report from Variety.

Khemlani informed workers in a memo on Sunday he is leaving his existing position for a brand-new “multi-year first-look” offer at CBS where he will develop material like documentaries, scripted series and books, the report stated. In his existing function, Khemlani is accountable for running CBS News, its regional stations and popular programs like “Face the Nation,” “60 Minutes” and “CBS Evening News.”

“I’m so proud of what all of you have accomplished — the scores of journalistic wins, the superb storytelling, the creativity that enhanced every aspect of our programming — that has put this division on a stronger path forward,” Khemlani stated in the memo, according to Variety.

Paramount, which owns CBS, did not instantly react to an ask for remark.

It is not instantly clear who will prosper Khemlani, however CBS might reveal the brand-new executive as quickly as Monday, Variety stated.

Khemlani started his period at CBS in April 2021. Before signing up with the network, Khemlani invested more than ten years at Hearst, where he held a variety of management functions like executive vice president of Hearst Newspapers, president of Hearst Entertainment and Syndication and primary imaginative officer.

Khemlani’s departure marks the current significant management shakeup at a news network this year. CNN’s Chris Licht left the business in June after he dealt with a disobedience amongst the network’s skill and personnel.

Media business have actually been coming to grips with a soft marketing market, especially impacting the conventional television service. Networks are likewise getting ready for what is anticipated to be another controversial election cycle in 2024.

As of market close Friday, shares of Paramount are down around 9.5% year to date. In the business’s revenues report for the quarter ended June 30, Paramount reported income of $7.62 billion for the quarter, down about 2% year-over-year, as the business’s television sector was as soon as again dragged down by lower marketing income.

Blake

News and digital media editor, writer, and communications specialist. Passionate about social justice, equity, and wellness. Covering the news, viewing it differently.

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