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Demovictory9

(36,795 posts)
Wed Jul 2, 2025, 07:57 AM Jul 2

Paramount to Pay Trump $16 Million to Settle '60 Minutes' Lawsuit

Paramount to Pay Trump $16 Million to Settle ‘60 Minutes’ Lawsuit

President Trump had sued over an interview with former Vice President Kamala Harris. The company needs federal approval for a multibillion-dollar sale.

https://www.nytimes.com/2025/07/02/business/media/paramount-trump-60-minutes-lawsuit.html?


Paramount said late Tuesday that it has agreed to pay President Trump $16 million to settle his lawsuit over the editing of an interview on the CBS News program “60 Minutes,” an extraordinary concession to a sitting president by a major media organization.

Paramount said its payment includes Mr. Trump’s legal fees and costs and that the money, minus the legal fees, will be paid to Mr. Trump’s future presidential library.

As part of the settlement, Paramount said that it had agreed to release written transcripts of future “60 Minutes” interviews with presidential candidates. The company said that the settlement did not include an apology.

The deal is the clearest sign yet that Mr. Trump’s ability to intimidate major American institutions extends to the media industry.

----

A spokesman for Mr. Trump’s legal team said in a statement that the settlement was “another win for the American people” delivered by the president, who was holding “the fake news media accountable.”

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Prof. Toru Tanaka

(2,735 posts)
1. "another win for the American people"
Wed Jul 2, 2025, 08:08 AM
Jul 2

Yeah, right….American citizens won’t see a dime of this legalized extortion-excuse me, settlement.

newdeal2

(3,422 posts)
3. It's going to be merged into Skydance
Wed Jul 2, 2025, 08:23 AM
Jul 2

Owned by one of the richest people in the world and mega Trump donor.

Do we even need to ask?

sop

(15,238 posts)
4. Trump discovered a legal way to launder bribes: he sues entities that have pending business before the government.
Wed Jul 2, 2025, 08:25 AM
Jul 2

LetMyPeopleVote

(166,528 posts)
6. Maddow Blog-Paramount to pay $16 million to settle with Trump in CBS News '60 Minutes' lawsui
Wed Jul 2, 2025, 02:48 PM
Jul 2

The question was less about whether Paramount would settle with Trump, and more about how much his lawyers would accept.

Paramount executives were worried it might look like they were bribing Trump by giving him millions of dollars to settle a baseless lawsuit based on a bizarre conspiracy theory.

Now that the settlement is official, they were right to be concerned. www.msnbc.com/rachel-maddo...

Steve Benen (@stevebenen.com) 2025-07-02T12:17:20.550Z

https://www.msnbc.com/rachel-maddow-show/maddowblog/paramount-settles-trump-cbs-news-60-minutes-lawsuit-rcna203667

After months of legal negotiations and wrangling, the question was less about whether Paramount would settle with Donald Trump, and more about how much the president’s lawyers would agree to. As NBC News reported, that question now has an answer.

Paramount has agreed to pay $16 million to settle a lawsuit brought by President Donald Trump that had alleged an interview that aired on CBS’s “60 Minutes” last year with Kamala Harris, his Democratic opponent for the presidency, was deceptively edited. The agreement in principle, proposed by a mediator, includes plaintiffs’ fees and costs and — except for fees and costs — will be allocated to Trump’s future presidential library, Paramount Global said in a statement late Tuesday.


The company did not apologize as part of the deal or admit any fault. Nevertheless, the plaintiff wasted little time in gloating: In a written statement from a presidential spokesperson, Team Trump boasted that the settlement “holds the Fake News media accountable for their wrongdoing and deceit.”.....

In fact, The Wall Street Journal reported last week, “Over the past few months, Paramount leaders have been wrestling with how to pay to settle the lawsuit without exposing directors and officers to liability in potential future shareholder litigation or to criminal charges for bribing a public official.”

This dynamic was not lost on Capitol Hill observers. “Paramount appears to be trying to settle a lawsuit that it has assessed as ‘completely without merit,’” Democratic Sens. Elizabeth Warren, Bernie Sanders and Ron Wyden said in a recent letter to Chairwoman Shari Redstone. “Under the federal bribery statute, it is illegal to corruptly give anything of value to public officials to influence an official act. If Paramount officials make these concessions in a quid pro quo arrangement to influence President Trump or other Administration officials, they may be breaking the law.”

Now that the settlement is official, and Paramount is paying Team Trump to settle a case that appears baseless, it’s likely these questions are poised to grow considerably louder.

This ongoing debacle has already cost the network — over the last couple of months, the head of CBS News and the executive producer of “60 Minutes” have both stepped down — and those costs now also include a steep price tag.
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