Gayle King is reportedly preparing to step down as co-host of CBS Mornings next year as part of a sweeping overhaul under new parent company Paramount Skydance. King’s contract runs through May and is said to be in discussions about transitioning into a new role within the network’s news division as Paramount’s leadership reshapes the organization from the top down,

CBS News’ Saturday morning broadcast will look less distinct than the rest of the division’s morning-news programming, according to a person familiar with the matter, following layoffs across parent corporation Paramount Global unveiled Wednesday.