Overview

• Redstone says she supported resolving President Donald Trump’s 60 Minutes lawsuit and was “blown away” the payment was only $16 million, adding she did not know how that figure was achieved.
• The agreement included no apology and directs funds toward Trump’s future presidential library, with Paramount also committing to publish written transcripts of future 60 Minutes interviews with presidential candidates.
• Trump has asserted there was a separate arrangement for roughly $20 million in advertising or PSAs from Skydance, a claim a Skydance lawyer labeled false, and CEO David Ellison declined to confirm while pledging to avoid politicizing the company.
• Skydance closed its $8 billion acquisition of Paramount on Aug. 7, ending Redstone family control, after the settlement helped clear regulatory hurdles at the FCC.
• Redstone cites the Oct. 7, 2023 Hamas attacks and her thyroid cancer battle as factors in her push to sell, as CBS faced internal strife over Israel coverage, leadership changes at 60 Minutes, and the unconsulted cancellation of The Late Show with Stephen Colbert.