Paramount president Jeff Shell stepping down from his post amid legal battle
Longtime media executive Jeff Shell is leaving Paramount


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Longtime media executive Jeff Shell is leaving Paramount

Paramount President Jeff Shell is leaving his position after a lawsuit accused him of violating SEC rules.

Shell is negotiating his exit less than a year after becoming president of the newly merged Paramount Skydance, the Status newsletter reported.

"We do not want to be a company that has layoffs every quarter," Shell said, citing constant waves of cuts under Paramount's previous leadership.

Shell pushed CBS News chief Wendy McMahon and "60 Minutes" boss Bill Owens to release the transcript of the sitdown with then-Vice President Kamala Harris amid…

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