By Tess Stynes
CBS Corp. said Jeff Fager has decided to step down as chairman
of CBS News and return to his role as executive producer of the
newsmagazine program "60 Minutes" on a full-time basis starting
next year.
David Rhodes, president of CBS News, will become the sole leader
of the division.
Mr. Fager took over as chairman of the news division in February
2011 in a shake-up that put longtime TV-news executives in charge
of the unit after more than five years of being overseen by the CBS
sports chief. At the time, Mr. Fager brought in Mr. Rhodes, a
former TV executive at Bloomberg LP, to run day-to-day operations
in the news division.
In a news release Thursday, Mr. Fager said that when CBS
Chairman and Chief Executive Leslie Moonves asked him to add the
role of chairman, that "we agreed that when the time was right, I
would be able to return to '60 Minutes' full-time."
"I can't imagine a better time for that than right now," Mr.
Fager stated, noting progress in the division in the roughly past
four years.
CBS also said Mr. Fager extended his term as "60 Minutes"
executive producer to early 2019.
Write to Tess Stynes at tess.stynes@wsj.com
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