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yesterday

Trump Rejects Paramount’s $15 Million Settlement Offer in $20 Billion ‘60 Minutes’ Lawsuit

Fears of bribery charges have frozen negotiations over Trump’s lawsuit.

Paramount Global logo is seen in this illustration taken December 17, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
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President Donald Trump delivers remarks during a bilateral lunch with Norway's Prime Minister Jonas Gahr Store in the Cabinet Room at the White House on April 24, 2025. (Credit: Chip Somodevilla/Getty Images)

Overview

  • Paramount Global proposed a $15 million settlement, which Trump declined while demanding over $25 million and a formal apology from CBS News.
  • Board members worry that any payment to Trump could be seen as a bribe, with directors and officers insurance unlikely to cover related liability.
  • The dispute complicates Paramount’s pending $8 billion merger with Skydance Media, which still awaits approval from a Trump-led FCC.
  • Controlling shareholder Shari Redstone has recused herself from talks amid mounting shareholder and regulatory scrutiny.
  • CBS News has lost key leaders, including ‘60 Minutes’ executive producer Bill Owens and CBS News and Stations President Wendy McMahon, over editorial independence concerns.