May 20 (Reuters) - A group of senators sent a letter to
Paramount Global ( PARAA ) chair Shari Redstone on Monday,
seeking information about the CBS News owner's efforts to settle
a lawsuit with U.S. President Donald Trump.
Senators Elizabeth Warren, Bernie Sanders and Ron Wyden are
questioning whether Paramount's potential attempts to resolve
the high profile lawsuit could violate federal anti-bribery
laws, according to the letter seen by Reuters.
CBS News faces a $20 billion lawsuit from Trump over its
editing of a "60 Minutes" interview in October 2024 with
then-Democratic presidential candidate Kamala Harris.
This lawsuit is seen as a major roadblock to the Paramount
and Skydance Media merger, according to some analysts.
Paramount has also entered mediation in April to try and
settle the lawsuit. The $8.4 billion merger requires approval
from the U.S. Federal Communications Commission.
The federal agency has authority over the transaction
because it needs to approve the transfer of the broadcast
television licenses held by CBS. The deal was extended for 90
days, as the companies await regulatory approval.
A spokesperson for Paramount Global ( PARAA ) declined to comment on
the letter but has previously said that the "lawsuit is
completely separate from, and unrelated to, the Skydance
transaction and the FCC (Federal Communications Commission)
approval process."
Meanwhile, CBS News President and Chief Executive Wendy
McMahon is stepping down from her position, telling staffers
that she and the company have differing views on the path
forward.
Bill Owens, the network's long-time executive producer of
"60 Minutes," also announced his departure over editorial
independence concerns.
"Paramount appears to have begun overseeing CBS's content,
presumably in order to screen it for content that could anger
the Trump Administration," the letter said. A spokesperson for
Redstone also declined to comment.
The Wall Street Journal was the first to report the news.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Anil
D'Silva)