Paramount may reportedly settle Trump’s $10 billion lawsuit against CBS so his administration doesn’t try to block its planned merger with Skydance

Kamala Harris participated in an interview with “60 Minutes,” which was broadcast on CBS in October, while she was running for president. The transmission was not in real time. Then, claiming that CBS had engaged in dishonest editing, her opponent Donald Trump filed a $10 billion lawsuit against the network. “60 Minutes” and CBS said the allegations were untrue. That was prior to Trump’s election victory and subsequent return to the White House.
The New York Times reports that CBS’s parent company, Paramount, is currently negotiating a settlement with Trump. Three persons with knowledge of the talks told the newspaper that their officials are now having discussions.

According to multiple people with knowledge of the matter, Paramount executives believe that settling would prevent the Trump administration from thwarting or postponing its intended multibillion-dollar merger with Skydance. According to the New York Times, two persons with knowledge of Shari Redstone’s views, the chair and controlling shareholder of Paramount, are in favor of a settlement. Her father, Sumner Redstone, created Paramount. Although it wouldn’t be inexpensive, the merger would put an end to the Redstone family’s power. The selling of Shari’s stock would help her.

In any event, the announcement follows Disney’s deal with Trump in his defamation lawsuit against ABC News and its host George Stephanopoulos, which was reached less than two months ago. “Trump was found liable for sexual abuse, but he was found civilly liable for rape,” Stephanopoulos remarked on live. The business consented to contribute $15 million and an extra $1 to Trump’s prospective presidential foundation and museum.

The business consented to pay $1 million for Trump’s legal bills and $15 million for his prospective presidential foundation and museum. A statement expressing regret for the comments made about Trump would be released by ABC News and its star anchor.

Separately, Meta recently agreed to pay roughly $25 million to resolve a complaint that was filed four years ago, according to a recent Wall Street Journal report. Trump brought the lawsuit after the business and its CEO, Mark Zuckerberg, shut his social media accounts after the violence on January 6. The deal is said to include $22 million for Trump’s presidential library and the remaining amount for legal bills, although Meta refused to acknowledge any fault.