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Paramount Global In Discussions With Donald Trump To Settle '60 Minutes' Lawsuit
PGREParamount (PGRE) Deadline·2025-01-31 02:50

Group 1 - Paramount Global is in discussions with Donald Trump's team regarding a settlement for his 10billionlawsuitagainstCBSrelatedtotheeditingofa60MinutesinterviewwithKamalaHarris[1][2]−ApotentialsettlementwouldbeaconciliatorygesturetowardsTrump,whichcouldfacilitateParamountGlobal′ssaletoSkydance,pendingregulatoryapprovalfromtheTrumpadministration[2][4]−CBShasdefendeditseditingoftheinterview,statingthatthedifferencesinresponseswerefortimepurposesandthatthelawsuitis"completelywithoutmerit"[3][4]Group2−Trump′slawsuitagainstCBSispartofabroaderpatternoflegalactionshehastakenagainstmediaentities,withmanymajoroutletshistoricallyfightingthesecases[3][4]−Thecurrentmedialandscapeisexperiencingsignificantchanges,withspeculationthatmediacompaniesmayseekmergersthatrequireregulatoryapproval,potentiallyinfluencedbyTrump′sposition[4]−PrevioussettlementsinvolvingTrumpincludea10 billion lawsuit against CBS related to the editing of a 60 Minutes interview with Kamala Harris [1][2] - A potential settlement would be a conciliatory gesture towards Trump, which could facilitate Paramount Global's sale to Skydance, pending regulatory approval from the Trump administration [2][4] - CBS has defended its editing of the interview, stating that the differences in responses were for time purposes and that the lawsuit is "completely without merit" [3][4] Group 2 - Trump's lawsuit against CBS is part of a broader pattern of legal actions he has taken against media entities, with many major outlets historically fighting these cases [3][4] - The current media landscape is experiencing significant changes, with speculation that media companies may seek mergers that require regulatory approval, potentially influenced by Trump's position [4] - Previous settlements involving Trump include a 15 million payment from ABC and a $25 million settlement from Meta, indicating a trend of media companies opting for settlements to avoid prolonged legal battles [5][6]