Overview

• President Trump praised Skydance Media CEO David Ellison as “great” and backed his leadership of the merged company.
• Paramount and Trump are in active settlement discussions over the $20 billion suit, with Paramount’s $15 million offer rejected in favor of Trump’s demand for at least $25 million and an apology.
• The FCC review has been extended after regulators cited potential violations of ex parte rules following undisclosed meetings between Ellison and Trump at UFC events.
• Leadership turmoil at CBS escalated with the resignations of ’60 Minutes’ executive producer Bill Owens and CBS News president Wendy McMahon over disputes related to the lawsuit.
• Upon approval, the $8 billion merger will install David Ellison as chairman and CEO of the newly formed Paramount Skydance Corp.