financetom
Business
financetom
/
Business
/
Mediator proposes $20 million settlement in Trump's CBS lawsuit, WSJ reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mediator proposes $20 million settlement in Trump's CBS lawsuit, WSJ reports
Jun 25, 2025 11:20 AM

(Reuters) -A mediator has proposed that Paramount Global and U.S. President Donald Trump settle his lawsuit against CBS News over an interview with former Vice President Kamala Harris for $20 million, the Wall Street Journal reported on Wednesday.

The proposal would include a $17 million donation to Trump's presidential foundation or museum, as well as millions more in legal fees and public service announcements on Paramount-owned networks to fight antisemitism, the report said, citing people familiar with the matter.

The White House did not immediately respond to a Reuters request for comment. Paramount declined to comment.

Trump filed a $10 billion lawsuit against CBS in October, alleging the network deceptively edited a "60 Minutes" interview with then-vice president and presidential candidate Harris to "tip the scales in favor of the Democratic Party" in the election.

In an amended complaint filed in February, Trump bumped his claim for damages to $20 billion.

CBS aired two versions of the Harris interview in which she appears to give different answers to the same question about the Israel-Hamas war, according to the lawsuit.

Paramount entered the mediation in April to try and settle the lawsuit. Paramount in May had offered $15 million to settle, according to WSJ, while Trump's team wanted more than $25 million and was also seeking an apology from CBS News.

The lawsuit is seen as a major roadblock to the $8.4 billion Paramount and Skydance Media merger, according to some analysts.

The network previously said the lawsuit is "completely without merit" and had asked a judge to dismiss the case.

In April, Bill Owens, the long-time executive producer of "60 Minutes", said that he was stepping down over concerns about editorial independence, according to a memo seen by Reuters. A month later, CBS News President and CEO Wendy McMahon also said she would step down.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved