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Paramount and Trump Edge Toward Settlement in $20 Billion CBS Lawsuit

Mediation begins as Paramount explores resolving Trump’s claims over a ‘60 Minutes’ interview with Kamala Harris, while legal experts dismiss the case as baseless.

Overview

  • Paramount Global’s board approved financial terms for a potential settlement during an April 18 meeting, clearing the way for mediation to begin on April 30, 2025.
  • President Trump alleges that CBS’s ‘60 Minutes’ deceptively edited Kamala Harris’s interview to favor her 2024 presidential campaign, seeking $20 billion in damages.
  • CBS News has maintained the edits were standard practice and denies any wrongdoing, with legal experts widely calling the lawsuit frivolous and unlikely to succeed.
  • Bill Owens, the executive producer of ‘60 Minutes,’ resigned last week, citing corporate interference and a loss of editorial independence amid settlement discussions.
  • The Federal Communications Commission continues its investigation into CBS under the rarely used ‘news distortion’ policy, which could impact Paramount’s pending $8 billion merger with Skydance Media.