She has been married to a Filipino businessman named Delfin Lazaro for almost 40 years, and together they have two children (Lisa L. Russell and Carlos E. Lazaro).
Lazaro soon left her position in ABS-CBN in 1988 to create her own production company, Probe Productions, with the help of fellow journalists, Luchi Cruz-Valdez and Maria Ressa. This led her to produce several documentary programs such as 5 and Up for Associated Broadcasting Company (ABC), The Probe Team, I-Witness, and Cheche Lazaro Presents for GMA Network, which eventually became her home network.
There, she was able to produce award-winning documentaries, particularly one involving the Doña Paz. Her stay, however, was cut short due to a lawsuit in 2003 involving Philippine President Gloria Macapagal-Arroyo and one of her documentaries. The network soon terminated her contract and her last appearance there was shown in February 2004.
Despite this setback, she was able to return to the limelight when Probe began reairing on ABC in June 2004. After a few years stay, she decided to go back in 2006 to her channel of origin, ABS-CBN.
Between 1992 to 1995, Lazaro was also the chairman of the broadcast department at the University of the Philippines.
Currently, she is a member and board adviser for the Philippine Center for Investigative Journalism. She is also a member of the Board of Trustees and has been named Board Secretary of the International Institute of Communication based in London, England.
Lazaro as a host has obtained various awards from Philippine award-giving bodies. She has been awarded 'Best News Magazine show host' nine times by the Star Awards. The Probe Team, the first Filipino investigative news magazine for television, has won both local and international recognition. It has received 'Gawad CCP Para sa Telebisyon "10 Best TV Programs of the Philippine Television" ten times.
|KBP Golden Dove Awards||Best Female Public Affairs Host||The Probe Team||1993|
|Catholic Mass Media Awards (CMMA)||"Hall of Fame"||The Probe Team||2000|
|KBP Golden Dove Awards||Best Female Public Affairs Host||I-Witness||2001|
|KBP Golden Dove Awards||Best Program Promoting Culture and the Arts||Cheche Lazaro Presents||2001|
|New York Festival||Silver World Medal||Television Documentary and Information Program on Social Issues/Current Events||2001|
|Provincial government of Bulacan||Dangal ng Lipi Award Para sa Sining at Kultura||2003|
|Malolos Heritage Foundation||"Most outstanding daughter of Malolos"||Accomplishments in the field of broadcasting||2003|
|University of the Philippines||"Gawad Plaridel Award"||Outstanding contributions to the local television industry and broadcast journalism.||2007|