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2d ago

Mediator Proposes $20 Million Settlement in Trump’s CBS Lawsuit

A mediator’s plan would funnel $17 million to Trump’s foundation, cover legal costs, fund public service announcements on Paramount networks to resolve the lawsuit blocking an $8.4 billion merger.

Paramount Global logo is seen in this illustration taken December 17, 2024. REUTERS/Dado Ruvic/Illustration/File photo
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Overview

  • A mediator proposed a $20 million settlement to resolve Trump’s lawsuit alleging deceptive editing of a '60 Minutes' interview with Kamala Harris.
  • The framework calls for a $17 million donation to Trump’s presidential foundation or museum, payment of legal fees and public service announcements on Paramount networks to fight antisemitism.
  • Trump originally sued CBS for $10 billion in October and amended his claim to $20 billion in February.
  • Paramount had offered $15 million in May while Trump’s team sought more than $25 million and a formal apology from CBS News.
  • The lawsuit has stalled the $8.4 billion Paramount-Skydance merger and led to the resignations of '60 Minutes' producer Bill Owens and CBS News CEO Wendy McMahon over editorial independence concerns.