Paramount stalls $35M '60 Minutes' settlement, slowing merger

Negotiations for a $35 million settlement in the lawsuit between President Donald Trump and CBS have stalled significantly. — Image credit: Mario Tama/Getty Images

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Negotiations for a $35 million settlement in the lawsuit between President Donald Trump and CBS have stalled significantly. Officials said the slowdown is due to Paramount’s concerns about a potential bribe perception during ongoing merger approvals with the Federal Communications Commission.

Trump’s lawsuit claims that CBS News’ “60 Minutes” deceptively edited an interview with Kamala Harris, but CBS denies the allegations.

Paramount has authorized a $15 million offer for settlement, reflective of Disney’s previous settlement with Trump, but has not finalized any deal. If settlement talks fail, the case may soon enter the discovery phase, which could be costly for Paramount.

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Key points from the Left

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- CBS parent company delays $35m Trump settlement over 'bribery' fears: report
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Key points from the Center

Paramount Global has postponed resolving a lawsuit filed by President Donald Trump regarding an allegedly edited interview with Kamala Harris ahead of the 2024 election, which has in turn delayed its $8 billion acquisition by Skydance pending approval from the Federal Communications Commission.
The delay resulted from Paramount executives fearing the payout could be seen as a bribe tied to merger approval, though Trump's legal team and regulators deny any linkage between the lawsuit and merger.
Negotiations have stretched over six months without resolution, with Trump’s legal team becoming more inflexible and reverting to their initial $50 million demand, while those familiar with Paramount consider the lawsuit a key obstacle to obtaining FCC approval.
A California Senate letter warned that settling would encourage politically motivated lawsuits paired with regulatory threats and harm public trust in CBS News and California’s journalistic reputation.
If talks collapse, the case may enter discovery, potentially intensifying legal costs and further jeopardizing Paramount’s financial future and the merger approval.

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- Paramount stalls $35 million '60 Minutes' settlement, slowing merger
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Key points from the Right

Negotiations for a $35 million settlement in the lawsuit between President Donald Trump and CBS have stalled significantly due to Paramount's concerns about a potential bribe perception during ongoing merger approvals with the Federal Communications Commission .
Trump's lawsuit claims that CBS News' 60 Minutes deceptively edited an interview with Kamala Harris, but CBS denies the allegations.
Paramount has authorized a $15 million offer for settlement, reflective of Disney's previous settlement with Trump, but has not finalized any deal.
If settlement talks fail, the case may soon enter the discovery phase, which could be costly for Paramount.

Report an issue with this summary