Source: Axios
“CBS parent Paramount Global on Tuesday said it would pay $16 million to settle a voter interference lawsuit filed by President Trump last October, even as press freedom advocates warned the company was buckling to political pressure. A settlement likely clears the way for Paramount Global to merge with Skydance Media. Paramount and Skydance agreed to merge in a deal worth more than $8 billion last July. The deal is largely seen as an escape valve for owner Shari Redstone, who has faced pressure from shareholders to offload the legacy TV asset while it still has value. … Paramount said no amount will be paid directly or indirectly to the president or fellow plaintiff Rep. Ronny Jackson (R-Texas) under the agreement, but it will go toward their legal fees and costs and Trump’s future presidential library.” (07/02/25)
https://www.axios.com/2025/07/02/trump-paramount-cbs-harris-interview-lawsuit-settlement