Overview

• A joint stipulation of dismissal with prejudice was filed in a Texas federal court, officially closing Trump’s litigation after Paramount paid $16 million to resolve his claims about a ’60 Minutes’ edit.
• President Trump’s assertion of a $20 million advertising or public service announcement deal with Skydance Media has not been corroborated and is denied by Paramount.
• Senators Elizabeth Warren, Bernie Sanders and Ron Wyden have sent a letter to Skydance CEO David Ellison seeking details of any undisclosed arrangements with the president.
• Legal experts and observers view the settlement as a tactic by Paramount to bolster its bid for FCC approval of the proposed $8 billion Skydance merger.
• CBS’s decision to cancel The Late Show With Stephen Colbert has heightened concerns over editorial independence under corporate and political pressure.