The 60 Minutes Exodus: A Cautionary Tale for Legacy Media The tumultuous departure of 60 Minutes from CBS has left many wondering what this means for legacy media.
As former executive producer Bill Owens seeks to raise $50 million for a new streaming news program featuring some of the ousted talent, including Scott Pelley and Sharyn Alfonsi, it's clear that even the most storied franchises can fall victim to changing consumer habits.
The departure of 60 Minutes' top talent was triggered by concerns over corporate overreach under Paramount's new ownership.