CBS News is reportedly losing around $50 million annually, leading incoming chief executive David Ellison to consider significant cuts to 'right-size' the network. Plans may include reducing talent salaries, shrinking team sizes, and leveraging existing content to save costs, with little expectation of new investments in growth. These financial challenges come on the heels of Paramount's decision to cancel The Late Show with Stephen Colbert due to similar losses, and a recent $16 million settlement related to a lawsuit brought by former President Donald Trump over edited footage on 60 Minutes. The settlement has sparked further controversy, with Trump claiming a 'side deal' for conservative advertising, though Paramount denies this. Former Paramount chairwoman Shari Redstone has also weighed in, expressing concerns about CBS's partisan slant and anti-Israel bias, particularly in its news coverage.