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3d ago

Trump Rejects Paramount’s $15 Million Offer in CBS ‘60 Minutes’ Lawsuit

Paramount aims to resolve the lawsuit to win FCC approval for its Skydance merger following warnings of potential bribery charges.

FILE - The CBS Broadcast Center is 0n 57th Street in New York City on April 20, 2023. (AP Photo/Ted Shaffrey, File)
Paramount Global logo is seen in this illustration taken December 17, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
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Overview

  • Trump’s team has dismissed Paramount’s $15 million settlement bid, holding out for at least $25 million in damages and a formal apology from CBS News.
  • Mediation is scheduled as part of ongoing talks, with both sides under pressure to settle before the FCC completes its review of the $8 billion Paramount–Skydance merger.
  • Democratic senators have raised concerns that a payout to Trump could violate federal anti-bribery laws, prompting internal caution at Paramount.
  • The dispute has triggered a leadership shake-up at CBS News, with CEO Wendy McMahon and ‘60 Minutes’ executive producer Bill Owens resigning over disagreement about a settlement.
  • Legal experts widely regard the lawsuit as meritless and a threat to press freedom, and Trump’s lawyers argue the editing caused him “mental anguish” and financial harm.