Paramount agrees to pay Trump $16 million to settle ‘60 Minutes’ lawsuit CBS News called ‘meritless’
Story by Justin Baragona • 4h
Paramount, the parent company of CBS News, has agreed to pay Donald Trump $16 million to settle the president’s lawsuit over the editing of a 60 Minutes interview with Kamala Harris that the network's lawyers had deemed “meritless” in recent court filings.
The New York Times was the first to report on the settlement.
The payment to the sitting president of the United States comes as Paramount is looking to close an $8 billion merger with Skydance Media that will require final approval from the Trump administration. Shari Redstone, the company’s top shareholder, had made it clear that she favored settling the lawsuit with Trump in order to clear the way for the Skydance deal to go through.
The looming payoff to the president, which seemed all but inevitable in recent days after the two sides told a Texas court they were involved in “good faith, advanced, settlement negotiations,” has sparked anger among the CBS staff and led to low morale as well as the resignations of two of the network’s news leaders. The resolution also came mere hours before the company’s annual shareholder meeting on Wednesday.
https://www.msn.com/en-us/news/politics/paramount-agrees-to-pay-trump-16-million-to-settle-60-minutes-lawsuit-cbs-news-called-meritless/ar-AA1HNQtg?ocid=widgetonlockscreen&cvid=e64ad4d06cd84c178e6493b0fd0ab2f1&ei=43
