Neeraj Khemlani, the President and Co-Head of CBS News and Stations is stepping down from his current role, as reported by Variety. In a memo to employees, Khemlani announced his departure to pursue a new “multi-year first-look” deal with CBS, focusing on creating content such as documentaries, scripted series, and books. As President and Co-Head of CBS News and Stations, Khemlani was responsible for overseeing CBS News, local stations, and prominent programs like “Face the Nation,” “60 Minutes,” and “CBS Evening News.”

Khemlani expressed pride in the accomplishments of the division under his leadership and acknowledged the strong journalistic wins, storytelling, and creativity that have propelled the division forward.

Paramount, which owns CBS, has not yet commented on Khemlani’s departure. While it’s not immediately clear who will succeed Khemlani, Variety suggests that CBS might announce the new executive as soon as Monday.

Khemlani joined CBS in April 2021, following more than a decade at Hearst, where he held various leadership positions, including Executive Vice President of Hearst Newspapers, President of Hearst Entertainment and Syndication, and Chief Creative Officer.

Khemlani’s departure comes amid ongoing changes in leadership at news networks this year. This transition reflects the challenges media companies are facing, including a soft advertising market, particularly impacting traditional TV businesses. Media networks are also preparing for what is anticipated to be a contentious election cycle in 2024.