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Shakeup at CBS News: Former Fox News Boss Becomes New President

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"...we get the best of both worlds..."

**FILE** In this July, 30, 2007 file photo, the CBS sign and logo adorns the exterior of the of the studios in Los Angeles. CBS Corp. reported a 14 percent gain in first quarter profit Tuesday, April 29, 2009, aided by a new international TV syndication agreement for its "CSI" franchise. (AP Photo/Nick Ut, file)

TV Newser reports CBS News is retooling its reporting structure and shifting around some of its executives, a move that will see a former Fox News boss replace the current CBS News president.

TV Newser explains:

Sean McManus, the president of CBS News and Sports, will be vacating his role as head of CBS News, the company confirms. McManus will become chairman of CBS Sports in the new reporting structure.

In his place, “60 Minutes” executive producer Jeff Fager will become chairman of CBS News, while David Rhodes, currently in charge of Bloomberg TV, will become president of CBS News. Before Bloomberg, Rhodes spent 12 years at Fox News Channel, starting as a PA and eventually leading the network’s newsgathering division. Fager will continue to oversee “60 Minutes” while serving as chairman

“In these two great news professionals, we get the best of both worlds: the quintessential insider with deep knowledge of the business and all the moving parts at CBS News, as well as a dynamic young executive with strong news management experience and a tough, fresh point of view,” said CBS CEO Les Moonves in a statement.  ”They will inherit a proud and dedicated organization that has been well positioned for success in the future by their predecessor.  Together, they make the ultimate winning team.”

Paul Friedman, currently executive VP at CBS News, will remain in that role.

Read more about the move, including the official release, here.

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