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Steve Bannon out as executive chairman at Breitbart News after Trump rebuke

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Embattled former White House strategist Steve Bannon has stepped down as the chairman of Breitbart News, the website announced Tuesday. 

According to a statement published on the site, Bannon and the company "will work together on a smooth and orderly transition." 

His ouster comes after President Trump publicly split with Bannon over comments the former chief strategist made in a new book from Michael Wolff, "Fire and Fury: Inside Trump's White House." In the book, Bannon called Donald Trump Jr.'s meeting with a Russian lawyer in Trump Tower in June 2016 "treasonous." Mr. Trump disavowed Bannon after those remarks emerged, saying his former chief strategist had "lost his mind" and marginalized Bannon's role in his campaign and presidency. 

"The fury is now by the president," Axios' Mike Allen says of Trump's reaction to Steve Bannon

Bannon later said he regretted his remarks, but that wasn't enough to win back Mr. Trump.

CBS News had previously reported the board of Breitbart News Network LLC was considering pushing out Bannon. It's unclear what will happen next to Bannon, who joined Breitbart in 2012. It's also unclear who, if anyone, might take his place at Breitbart. 

Bannon had an unusual rise to his position as one of the most influential men in the country. His work on the Trump campaign was his first real foray into campaign politics. He began his adult life in the Navy, before joining Goldman Sachs in the Wall Street world. When he took over Breitbart, he pushed the website to what it became in 2016 — a traffic-driving vehicle for the nationalist content that mobilized Mr. Trump's supporters. 

© 2018 CBS Interactive Inc. All Rights Reserved. 

RELATED: Steve Bannon endorses Rosendale for Montana U.S. Senate race

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