CBS News is set to have an ombudsman or 'bias monitor' installed as part of the Skydance-Paramount merger conditions, who will report directly to the president of CBS News, but this official does not report to the U.S. President.
CBS is being forced to install a “bias moderator” that “reports directly to the President” is straight from 1984

Paramount to Create CBS News Ombudsman, Launch Review of Bias
Source: hollywoodreporter.com
Key Evidence
Skydance pledged to install an ombudsman at CBS News as a condition for FCC approval of its acquisition of Paramount Global.
bloomberg.combloomberg.comSkydance Says Ombudsman Will Monitor Bias Concerns at CBS News This ombudsman will report directly to the president of CBS News internally, not to the U.S. President.
What the Evidence Shows
The claim contains two main components: first, that CBS is being forced to install a 'bias moderator' or ombudsman, and second, that this person reports directly to the President. Evidence from multiple credible sources confirms that as part of the Federal Communications Commission's approval of Skydance Media's acquisition of Paramount Global (CBS's parent company), Skydance pledged to install an ombudsman tasked with reviewing complaints of bias at CBS News.bloomberg.combloomberg.comSkydance Says Ombudsman Will Monitor Bias Concerns at CBS News
This ombudsman is intended to ensure journalistic fairness and address concerns about perceived bias. However, the claim that this 'bias monitor' reports directly to the President is ambiguous. The sources clarify that the ombudsman reports directly to the president of CBS News (the network's internal executive), not the President of the United States.
Some sources and social media posts conflate or exaggerate this point, implying direct reporting to then-President Trump, but authoritative reporting does not support that interpretation. The phrase 'reports directly to the president' is accurate in a corporate context but misleading if interpreted as reporting to the U.S. President. The comparison to Orwell's 1984 is a subjective opinion reflecting concern about government or political interference in media but is not a factual claim.
Overall, the core factual elements are accurate with important contextual nuance regarding who the 'president' refers to.