Shari Redstone, Paramount’s controlling shareholder, recently urged her board to resolve a legal spat with President Trump, who sued CBS News over an allegedly doctored Kamala Harris interview.
Trump claims deception; CBS calls it baseless.
At a board meeting this month, Redstone pushed for mediation to end the months-long clash, her first clear stance to the full board, per two sources cited by DealBook’s Lauren Hirsch and The New York Times’ Ben Mullin.
Some execs see a settlement greasing the merger’s wheels; others fear it looks like a bribe—Trump says they’re unrelated. Redstone’s statement sidestepped Skydance but flagged the lawsuit’s business toll, stepping back from daily talks.
Paramount’s now tapped a mediator, risking optics of caving to Trump amid Disney’s $15 million and Meta’s $25 million White House settlements. Inside CBS, backlash brews, and Redstone’s focus seems locked on sealing Skydance, navigating a vengeful Trump era where, as UPenn’s Jill Fisch told DealBook, corporations face tricky political crosshairs.
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