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Senators question Paramount's Redstone over '60 Minutes' settlement attempts with Trump
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Senators question Paramount's Redstone over '60 Minutes' settlement attempts with Trump
May 26, 2025 10:56 AM

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)

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