The news that Paramount settled with President Trump for $16 million over alleged 60 Minutes edits that Trump alleged favored then Vice President Kamala Harris prompted criticism from some in the media. When Harris was asked about the Biden administration's relationship with Israel's prime minister, CBS producers used different portions of her answer on two programs.
Concerns about bribery allegations, angry CBS News staff and a looming high-stakes merger made for tense months-long negotiations.
Paramount Global settled Trump's $20 billion lawsuit against CBS News without issuing an apology as CEO George Cheeks said he wanted to avoid legal costs and business distractions.
US media group Paramount has agreed to pay $16m (£11.6m) to settle a lawsuit filed by Donald Trump over what he alleged was a misleading interview with the former vice president Kamala Harris.
Paramount Global's $8 billion merger with Skydance Media has faced opposition from the Trump administration.
Paramount Global (PARA) has reportedly agreed in principle to pay President Donald Trump $16 million to settle his lawsuit over a CBS interview with former Vice President Kamala Harris.
Paramount Global has agreed to a $16 million settlement with Donald Trump over a lawsuit alleging CBS's 60 Minutes misrepresented Kamala Harris in edited interview footage aired in 2020. Trump claimed the broadcast misled voters and sought $20 billion in damages.
The settlement will go to Trump's future presidential library and will also pay for legal fees.
Paramount Global and President Donald Trump are engaged in "good faith, advanced, settlement negotiations" to resolve a lawsuit filed by Trump against CBS in October, alleging the network deceptively edited a "60 Minutes" interview with then-vice president Kamala Harris.
Paramount Resources is potentially shifting its business focus back to dry gas. Upcoming export facilities and recovering natural gas prices enhance the viability of the company's Northeast British Columbia and Alberta dry gas assets. Management remains flexible, developing the most profitable assets. That could mean that the heavy oil assets get developed.
Negotiations to settle Trump's $20 billion lawsuit against CBS News over the Kamala Harris "60 Minutes" interview entered their sixth month.