CBS News Radio — the century-old home of legendary journalists Walter Cronkite and Edward R. Murrow — is shutting down as network boss Bari Weiss continues to reshape the struggling news network, cutting 6% of its workforce in a Friday bloodbath that claimed 60 to 70 jobs.

Weiss and CBS News President Tom Cibrowksi said Friday that CBS Radio will shut down May 22 with all roles in the unit eliminated — a move that was driven by industry shifts and financial pressure from David Ellison, CEO of CBS parent Paramount Skydance.

The duo told employees that “a shift in radio station programming strategies, coupled with challenging economic realities, has made it impossible to continue the service,” while acknowledging “this was a necessary decision” but “not an easy one.”

CBS News editor in chief Bari Weiss shuttered CBS News Radio on Friday as part of broader cuts at the news network. CBS via Getty Images

They emphasized the legacy of the unit, noting CBS News Radio has operated since 1927 — from Edward R. Murrow’s World War II reports to the long-running “World News Roundup” — and said staff would be treated “with care and respect” as the company winds down operations.

Harvey Nagler, who spent 18 years at CBS News including an 18-year stint as CBS News VP of radio before retiring in 2016, said the shuttering of CBS News Radio was premature.

“At some point in time closing it was going to be inevitable, but I don’t believe now was the time to do it,” he said, adding that CBS Radio still had 700 radio stations and 23 million listeners a week.

“Those in a corporate positions were not aware of the clout and the reach of CBS News Radio,” Nagler said, noting that CBS is trying to “rebrand itself” and that it is missing a “massive marketing opportunity” to promote its shows, news stories and movies produced by corporate parent Paramount.

“It’s a profound strategic failure. It’s unfortunate on that basis alone,” he said. “You can’t cut your way to growth.”

From left to right: Douglas Edwards, Walter Cronkite and Edward R. Murrow at the CBS News desk on Oct. 29, 1956. CBS via Getty Images

Indeed, industry insiders are fuming over the decision and underscored the importance of the radio unit to journalism and the country.

“It’s a major impact to the accessibility of information across the country,” Craig Swagler, a former vice president and general manager of CBS Radio Network, told The Post. “We are living at a time where there are fewer and fewer independent voices and where people across the country can turn for information.”

Swagler, who is currently president and CEO of Baltimore Public Media, said before he left CBS three years ago, CBS News Radio had roughly 30 million people listening to it on a weekly basis.

CBS Radio will close up shop on May 22. CBS

He noted that “World News Roundup” — the program that aired on CBS since 1938 — is the “origin of the invention of modern-day broadcast journalism.”

“Edward R. Murrow went to Europe as the education director and continued to phone back home to [CEO William S.] Paley and told him this group in Germany continue to have aggressions against Austria … and this guy Hitler was going to take control and annex Austria,” Swagler recounted.

Murrow convinced the network to do a report, which aired on Sunday, March 13, 1938 — the day of the Nazi invasion of Austria.

CBS Radio more or less invented the practice of taking the listener into the scene and describing it to them in the moment — the blueprint for broadcast as we know it today, the exec said.

“We often look at media as a business and not as a public service,” he added.

Sources griped that David Ellison, the CEO of CBS-parent Paramount Skydance, has prioritized larger investments over retaining CBS Radio. AFP via Getty Images

Another media exec with recent knowledge of CBS Radio’s finances said the unit was break-even, meaning that it wasn’t losing money but also wasn’t bringing any in, either.

Typically, when a business is break-even, execs tend to shed costs before shutting down a unit because it is still bringing in revenue, the person said.

“The business of radio is challenging so I understand the decision on paper,” the source said. “It does tear at the heart of CBS News and its legacy. But, it seems silly to expect this team to hold any of that sacred.”

The source noted that Weiss and Cibrowski were bumping up against the problem of unionized employees when trying to achieve lower headcount.

Many employees across the company are unionized, so the network risks labor grievances or being brought in front of the National Labor Relations Board if does selective layoffs.

But in the case of CBS Radio, no one person was targeted because the whole unit was eliminated, which makes shutting CBS Radio “clean,” the person added.

A fourth CBS source was outraged at Paramount Skydance’s approach of investing in the Ultimate Fighting Championship and Weiss’ website, The Free Press, instead of salvaging an institution.

“It’s disgusting. Paramount can buy the UFC [rights] for $7.7 billion dollars and give The Free Press $150 million and they can’t keep a legacy that started all of broadcast afloat,” the person said.

“This is legitimately turning the page on the past. It’s a sad day for CBS and a sad day for journalism.”

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Another giant in the world-famous wine growing region is shutting down and slashing staff, making it the fourth since the start of 2026.

Jackson Family wines has stopped production at its Carneros Hill facility in Sonoma’s Carneros region, laying off more than a dozen employees, according to a Worker Adjustment and Retraining Notice filed with California authorities on February 12. 

Communications director Sean Carrol told the SF Chronicle that Carnero’s Hill – previously owned by Buena Vista Winery – “served as overflow production capacity and was not tied to any specific brand.”

The Jackson Family Wines confirmed the closure of the facility. Ilya S. Savenok

He added the site had “become underutilized,” allowing the company to consolidate.

Jackson Family Wines is known as one of the top US wine producers, the sixth largest wine company in the country.

The company is the sixth-largest wine producer in the country. San Francisco Chronicle via Getty Images

It owns the Kendall-Jackson label and about 40 other brands, producing around six million cases a year, according to an industry review. More than 25 of those wineries are in the Golden State.

Last week, major winemaker Gallo announced the closure of a large production facility and the elimination of nearly 100 jobs across the wine growing region of Napa and Sonoma counties.

Considered the world’s largest winemaker by volume, Gallo filed a “warning” notice with the California Employment Development Department on Feb. 12, confirming it will permanently pull the cork on the Ranch Winery in St. Helena.

Jackson Family Wines owns the famed Kendall-Jackson label. Getty Images for NYCWFF

Gallo is also slashing staff at some of its other labels, including the Louis M. Martini Winery and the Orin Swift Tasting Room in St. Helena, as well as J Vineyards and Frei Ranch in Healdsburg.

“Gallo is aligning parts of our operations with our long‑term business strategy to ensure we remain well‑positioned for future success,” a spokesperson for the company told The Post.

“As part of this process, we made the difficult decision to reduce certain Wine Country operations. These changes are driven by market dynamics, evolving consumer demand, and available capacity across our wineries.”

Earlier this month, Foley Family Wines & Spirits shut down its production facility for the historic Central Coast winery Chalone.

Four major wine makers have announced closure of sites since the start of 2026. Neilson Barnard

In January, Constellation Brands notified more than 200 people at the Mission Bell Winery in Madera that they would be out of work. And Jean-Charles Boisset Collection closed two Napa Valley tasting rooms.

According to a recent report from Wine Business Monthly, there were 4,727 wineries in California in 2025. As of February 2026, there are 4,646.

The number of American adults who say they consume alcohol has fallen to 54%, according to an August 2025 Gallup poll.

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Working with the Security Cabinet, the Ministry of Finance and Public Credit has identified 13 casinos as part of an investigation into organized crime and money laundering. It uncovered signs relating to cash operations, international transfers, and the use of unsupervised digital platforms that labelled the casinos “high financial risk”.

La Secretaría de Hacienda refuerza acciones institucionales para impedir el lavado de dinero a través del uso de casinos por presuntos grupos de la delincuencia organizada.https://t.co/zH9tCLLe2U#ComunicadoHacienda pic.twitter.com/a29WCtkByD

— Hacienda (@Hacienda_Mexico) November 12, 2025

The findings of the investigation have led to Mexican authorities blocking the casinos to protect users and remove any risk of them being used by organized crime groups.

Multimillion-dollar organized crime transactions spotted

In addition, signs of international money laundering were detected at gaming establishments across various regions, including Jalisco, Nuevo León, Sinaloa, Sonora, Baja California, State of Mexico, Chiapas, and Mexico City. Some of those casinos are alleged to have carried out multimillion-dollar cash transactions, with transfers going to the US, Romania, Albania, Malta, and Panama.

Further suspicion was raised when it was found that apparent users of digital platforms were not in line with the amount of money being transferred. For example, housewives, students, retirees, and the unemployed were seemingly transferring large sums of money to the real recipient in exchange for a percentage fee, in an attempt to make the income appear as though it had come from casino games.

The Ministry of Finance and Public Credit now plans to file the complaints with the Attorney General, as well as notify the tax authorities.

“With this, the Ministry of Finance reaffirms the commitment of the Government of Mexico to strengthen inter-institutional coordination, prevent criminal infiltration in vulnerable sectors, and consolidate joint actions with security and law enforcement authorities to prevent casinos and betting platforms from being used by alleged organized crime groups, as well as to protect users and the population,” reads the official statement from the Ministry.

Featured image: Wikimedia Commons, licensed under CC BY-SA 4.0

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