Overview

• A court-appointed mediator has suggested a $20 million deal to resolve President Trump’s amended $20 billion suit against CBS News over a 60 Minutes interview with Kamala Harris.
• The proposed package would allocate $17 million to Trump’s presidential foundation or museum plus additional funds for legal fees and antisemitism-focused public service announcements on Paramount networks.
• Paramount’s May offer of $15 million fell short of Trump’s demand for over $25 million and an apology, and it remains unclear if the current proposal includes a mea culpa.
• The lawsuit has become a critical factor in the FCC’s review of Paramount Global’s $8.4 billion merger with Skydance Media amid allegations of news distortion.
• The dispute has spurred the departures of ’60 Minutes’ executive producer Bill Owens and CBS News CEO Wendy McMahon and drawn warnings from lawmakers about potential anti-bribery violations.