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Paramount and Trump Enter Mediation Over $20 Billion ‘60 Minutes’ Lawsuit

Settlement talks unfold as Paramount seeks to secure FCC approval for its Skydance Media merger, while newsroom tensions rise following the resignation of '60 Minutes' executive producer.

Pedestrians walk by the New York Times building in Manhattan, New York, in December 2022.
WINTER PARK, UNITED STATES - 2019/10/29: CBS News journalist and author Scott Pelley reads from his 2019 book, Truth Worth Telling: A Reporter's Search for Meaning in the Stories of Our Times, during a speaking event at Rollins College. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images)
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Then president-elect Donald Trump appears remotely for a sentencing hearing in front of New York State Judge Juan Merchan in the criminal case in which he was convicted in 2024 on charges involving hush money paid to a porn star, at New York Criminal Court in Manhattan in New York City, on Jan. 10.

Overview

  • Paramount's board has approved financial parameters for a potential settlement with Trump, with mediation sessions now underway.
  • Trump's lawsuit alleges CBS's '60 Minutes' deceptively edited a Kamala Harris interview to influence the 2024 election, a claim CBS denies and legal experts widely dismiss as baseless.
  • The Federal Communications Commission is investigating the Harris interview under its rarely enforced news distortion rules, with all enforcement options still on the table.
  • The resignation of '60 Minutes' executive producer Bill Owens highlights internal concerns about corporate interference in editorial independence tied to the merger approval process.
  • Trump has escalated his rhetoric, threatening legal action against The New York Times for reporting expert opinions that his lawsuit is meritless.