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Shari Redstone Defends $16 Million Trump Settlement, Says She Expected Paramount to Pay More

She says the payout protected shareholders during the Skydance review, having already stepped back from negotiations.

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Shari Redstone: Hamas Attack and CBS’s Anti-Israel Coverage Led Me to Sell Paramount
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Overview

  • Redstone told the New York Times the case was not black-and-white and that settling was in Paramount’s best interest.
  • She said she was “blown away” by the $16 million figure because she anticipated a higher price to resolve Trump’s lawsuit over a 60 Minutes segment.
  • Trump has claimed a separate $20 million arrangement with Skydance, which a Skydance lawyer rejected as “unmitigated false bullshit,” and Redstone said, “I hope it isn’t true.”
  • Redstone voiced concerns about CBS News balance, saying Trump’s criticism might achieve changes she could not, citing frustration with coverage related to Israel and editing choices.
  • She said the Oct. 7, 2023 attacks pushed her to pursue a sale, and Skydance closed its takeover of Paramount on Aug. 7, ending her family’s control.