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Paramount has offered $15 million to settle CBS lawsuit, WSJ reports
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Paramount has offered $15 million to settle CBS lawsuit, WSJ reports
May 28, 2025 5:51 PM

May 28 (Reuters) - A month into negotiations, Paramount Global ( PARAA ) has offered $15

million to settle U.S. President Donald Trump's lawsuit against CBS News, but the parties remain

far apart on terms, the Wall Street Journal reported on Wednesday, citing people familiar with

the situation.

Trump's team wants more than $25 million and is also seeking an apology from CBS News; it

has also threatened CBS with another lawsuit related to alleged bias of its news coverage, the

report added.

Paramount is expecting to nominate three new directors to its board in coming weeks,

bringing the total to seven, while one current director plans to step down, as the company wants

to make sure it has a full board in place in case the deal falls through, according to WSJ.

Reuters could not immediately confirm the report. Paramount and the White House did not

immediately respond to requests for comment.

Trump filed a $10 billion lawsuit against CBS in October, alleging the network deceptively

edited an interview with then-vice president and presidential candidate Kamala 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.

In April, Bill Owens, the long-time executive producer of "60 Minutes," said he was stepping

down over concerns about editorial independence, in a story first reported by Reuters.

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