Paramount has offered $15 million to settle CBS – Business News
A month into negotiations, Paramount Global has offered $15 million to settle US President Donald Trump’s lawsuit in opposition to CBS News, however the events stay far aside on phrases, the Wall Street Journal reported on Wednesday, citing people acquainted with the scenario.
Trump’s workforce needs more than $25 million and can be searching for an apology from CBS News; it has additionally threatened CBS with one other lawsuit associated to alleged bias of its information protection, the report added.
Paramount Global brand is seen on this illustration taken December 17, 2024. REUTERS
Paramount is anticipating to nominate three new administrators to its board in coming weeks, bringing the entire to seven, whereas one present director plans to step down, because the company needs to make sure it has a full board in place in case the deal falls by means of, in accordance to WSJ.
Reuters couldn’t instantly affirm the report. Paramount and the White House didn’t instantly reply to requests for remark.
Trump filed a $10 billion lawsuit in opposition to CBS in October, alleging the community deceptively edited an interview with then-vice president and presidential candidate Kamala Harris to “tip the scales in favor of the Democratic Party” within the election. In an amended criticism filed in February, Trump bumped his declare for damages to $20 billion.
President Donald Trump speaks during a swearing in ceremony for interim US Attorney for the District of Columbia Jeanine Pirro within the Oval Office of the White House in Washington, DC, on May 28, 2025. AFP through Getty Images
In April, Bill Owens, the long-time government producer of “60 Minutes,” mentioned he was stepping down over considerations about editorial independence, in a story first reported by Reuters.
