Investing.com reports:
Paramount Global has been considering options to settle a $10 billion lawsuit filed by Donald Trump over a CBS News interview with Vice President Kamala Harris, according a report from the Wall Street Journal. The lawsuit alleges that CBS News committed election interference by editing portions of the interview, favoring Harris’s presidential campaign.
The media conglomerate, which owns CBS, its namesake studio, and several cable channels, is currently planning a merger with Skydance Media. However, Trump’s dissatisfaction with CBS News could potentially complicate the review process for the merger, leading the companies to consider offering concessions for approval.
FCC Chairman Brendan Carr has reportedly warned Paramount executives about the potential challenges. The FCC has jurisdiction over the merger as it involves the transfer of broadcast-TV licenses held by local CBS-owned stations.
Read the full article. The WSJ piece is behind a paywall. Last month Disney paid $15 million to settle Trump’s lawsuit against ABC News over George Stephanopoulos having called Trump a convicted rapist.
WSJ reports that executives at CBS’s parent company are considering settling Trump’s lawsuit against CBS News/60 Minutes because they need the Trump administration’s approval their planned corporate merger. https://t.co/qt5YVviVMG
— Andy Kaczynski (@KFILE) January 17, 2025