CBS News president to step down after tumultuous year
CBS News President David Rhodes announced Sunday night he is stepping down, following a tumultuous year for the network and its news division. "It's been eight incredible years since I joined @CBS," Rhodes tweeted Sunday. "I'm pleased to announce that I'll soon be handing the reins @CBSNews to Susan Zirinsky, our Senior Executive Producer." CBS News ratings fell last year, following the 2017 ouster of Charlie Rose amid sexual harassment allegations, and the network's flagship news show, "60 Minutes" lost its longtime executive producer, Jeff Fager, who resigned in September after sending a threatening email to a reporter amid allegations he fostered an atmosphere at "60 Minutes" that tolerated sexual misconduct. CBS Corp. was also rocked last year by the ouster of longtime CEO Les Moonves, who was accused of multiple instances of sexual misconduct and assault. The Los Angeles Times reported Zirinsky will take over as president in March. She will be the first woman to lead the network's news division. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.