US EditionParamount stalls $35 million '60 Minutes' settlement, slowing merger
UNITED STATES, JUN 19 – Paramount Global postponed a $35 million settlement with Donald Trump over a disputed CBS interview amid concerns the payout could hinder FCC approval of its $8 billion Skydance merger.
- Paramount Global has postponed resolving a lawsuit filed by President Donald Trump regarding an allegedly edited interview with Kamala Harris ahead of the 2024 election, which has in turn delayed its $8 billion acquisition by Skydance pending approval from the Federal Communications Commission.
- The delay resulted from Paramount executives fearing the payout could be seen as a bribe tied to merger approval, though Trump's legal team and regulators deny any linkage between the lawsuit and merger.
- Negotiations have stretched over six months without resolution, with Trump’s legal team becoming more inflexible and reverting to their initial $50 million demand, while those familiar with Paramount consider the lawsuit a key obstacle to obtaining FCC approval.
- A California Senate letter warned that settling would encourage politically motivated lawsuits paired with regulatory threats and harm public trust in CBS News and California’s journalistic reputation.
- If talks collapse, the case may enter discovery, potentially intensifying legal costs and further jeopardizing Paramount’s financial future and the merger approval.
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