Overview
- Lawyers filed a motion highlighting that both sides are “engaged in good faith, advanced, settlement negotiations” and sought a stay of proceedings until July 3.
- A mediator proposed a $20 million deal, including $17 million to Trump’s presidential foundation, after the president rejected a previous $15 million offer and sought at least $25 million plus an apology.
- Paramount Global faces a July 7 deadline to complete its merger with Skydance Media and needs Federal Communications Commission approval to transfer its broadcast licenses.
- CBS News has defended its editorial judgment under the First Amendment, released full interview transcripts and raw footage, and filed to dismiss the lawsuit as meritless.
- FCC Chairman Brendan Carr has kept an active inquiry into alleged news distortion and warned that revoking CBS’s broadcast license remains a possible action.