Paramount-Trump Reps Looking To Mediate A Deal

Paramount Global’s board, the parent of CBS News, has outlined financial terms for a potential settlement in U.S. President Donald Trump’s lawsuit over a “60 Minutes” interview, The New York Times reported Tuesday, citing three sources familiar with the discussions. 

Shari Redstone, Paramount’s controlling shareholder and non-executive chair, recused herself from the settlement talks, a source told Reuters anonymously. 

While specific amounts are undisclosed, the board’s decision signals a possible out-of-court resolution, per the Times. 

Reuters could not immediately reach Paramount or Redstone’s spokesperson for comment. Trump’s October lawsuit against CBS, claiming $10 billion for alleged deceptive editing of a Kamala Harris interview to favor Democrats, was amended in February to seek $20 billion. Mediation is set to begin Wednesday, the Times reported.

Legal experts deem Trump’s lawsuit against CBS baseless, predicting an easy win for the network, yet Paramount is open to negotiating a settlement. 

On April 18, the Paramount board defined acceptable financial terms for a potential deal with President Trump, three sources familiar with the discussions revealed. Though specific figures are undisclosed, this step facilitates an out-of-court resolution. 

Shari Redstone, Paramount’s controlling shareholder, supports settling the case and is poised for a significant payout from Paramount’s pending sale to Skydance, a deal needing Trump administration approval. While any settlement requires board approval, Redstone has recused herself from related discussions.