Paramount may reportedly settle Trump's $10 billion lawsuit against CBS so his administration doesn't try to block its p
Source: Fortune
Paramount may reportedly settle Trump’s $10 billion lawsuit against CBS so his administration doesn’t try to block its planned merger with Skydance
Alena Botros
Updated Mon, February 3, 2025 at 12:38 PM EST 3 min read
• Donald Trump sued CBS for its “60 Minutes” interview with Kamala Harris days before his Election Day victory. Now, CBS' parent company Paramount is in talks to settle, according to the New York Times. If it does settle, that would make it the third mega media company to do so in a matter of months.
During her presidential run, Kamala Harris sat for an interview with “60 Minutes” that aired in October on CBS. It was not a live broadcast. Then, her rival Donald Trump sued CBS for $10 billion in damages, accusing it of deceitful editing. CBS and “60 Minutes” said the claims were false. That was before Trump won the election and returned to the White House.
Now, CBS’s parent company Paramount is reportedly in talks to settle with Trump, according to the New York Times. Discussions between their representatives are underway, three people with knowledge of the talks told the outlet.
Paramount executives reportedly think settling would keep the Trump administration from blocking or delaying its planned multibillion dollar merger with Skydance, several people with knowledge of the matter told the publication. Paramount and Skydance reached a deal to merge in the summer, but there has been some opposition. Skydance is an entertainment company run by David Ellison, son of Oracle’s billionaire cofounder Larry Ellison.
-snip-
Read more: https://finance.yahoo.com/news/paramount-may-reportedly-settle-trump-185542819.html
= new reply since forum marked as read
