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4w ago

Trump and Paramount Advance Settlement Talks in ‘60 Minutes’ Lawsuit

They asked a Texas court to pause the case until July 3 to pursue a $20 million mediator proposal that could help secure Paramount’s upcoming merger approval.

CBS headquarters, or Black Rock, at 51 West 52nd Street in New York.
Paramount Global logo is seen in this illustration taken December 17, 2024. REUTERS/Dado Ruvic/Illustration/ File Photo
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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.