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Shari Redstone Defends $16 Million Trump Settlement as Skydance Takeover of Paramount Closes

She says the agreement served shareholders by averting reputational harm from discovery.

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Overview

  • Paramount paid $16 million to resolve President Trump’s 60 Minutes lawsuit with no apology, with funds directed to legal costs and his future presidential library.
  • Redstone says she recused herself from negotiations, was “blown away” by the price, and supported settling to avoid damaging discovery, including concerns tied to a 2023 Biden interview.
  • The FCC approved David Ellison’s $8 billion Skydance acquisition, and the deal closed on Aug. 7 after the case was dismissed.
  • Redstone says she hoped Trump’s challenge would spur more balance in CBS NewsIsrael coverage, as internal friction led to added oversight of 60 Minutes and leadership departures.
  • Trump has promoted claims of a separate advertising “side deal,” which Skydance has disputed; Redstone says she hopes no such arrangement exists.