Overview
- CBS and its parent Paramount agreed to pay President Trump $16 million to resolve his lawsuit alleging a manipulated Kamala Harris interview on 60 Minutes.
- Trump announced plans to pursue an additional $20 million from Paramount’s incoming owners following the settlement.
- Paramount’s proposed $8.4 billion merger with Skydance Media remains under the FCC’s informal 180-day review without a timetable for approval.
- FCC Chairman Brendan Carr publicly denied that Trump’s litigation influenced the commission’s delay on the Skydance-Paramount decision.
- David Ellison is slated to become Paramount’s next CEO and has reportedly committed up to $20 million for pro-Trump advertising under the new ownership.