financetom
Business
financetom
/
Business
/
Senators question Paramount's Redstone over '60 Minutes' settlement attempts with Trump
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Senators question Paramount's Redstone over '60 Minutes' settlement attempts with Trump
May 26, 2025 10:58 AM

(Reuters) -A group of senators sent a letter to Paramount Global 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 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)

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 >
Novo Nordisk, Pfizer sweeten bid for Metsera as bidding war heats up
Novo Nordisk, Pfizer sweeten bid for Metsera as bidding war heats up
Nov 4, 2025
(Reuters) -Novo Nordisk and Pfizer ( PFE ) have revised their bids for Metsera ( MTSR ), the obesity drug developer said on Tuesday. Novo's revised offer brings the deal value to about $10 billion, while Pfizer ( PFE ) is now willing to shell out $8.1 billion. The revised bids come as both companies are engaged in a public...
EU lawmakers debate sunset clause, conditions for Trump tariff deal
EU lawmakers debate sunset clause, conditions for Trump tariff deal
Nov 4, 2025
BRUSSELS (Reuters) -The European Parliament began debating on Tuesday whether to make the EU-U.S. tariff deal conditional on concessions from Washington and limited in time, which could reignite trade tensions with the Trump administration. Under the deal, the United States is broadly imposing 15% tariffs on EU goods, while the European Union removes many of its duties on U.S. imports,...
Market Chatter: Tesla's China-Made EV Sales Drop Nearly 10% Year Over Year in October
Market Chatter: Tesla's China-Made EV Sales Drop Nearly 10% Year Over Year in October
Nov 4, 2025
09:20 AM EST, 11/04/2025 (MT Newswires) -- Tesla (TSLA) shares were down almost 3% premarket Tuesday after Reuters said sales of the company's electric vehicles produced in China declined 9.9% year over year in October to 61,497 units, following a 2.8% increase in September. Citing data from the China Passenger Car Association, the report said that sales of the company's...
Standard Solar Acquires 6.3 MW Community Solar Project from Calvert Energy; Safe Harbor Strategy Enables Accelerated Execution
Standard Solar Acquires 6.3 MW Community Solar Project from Calvert Energy; Safe Harbor Strategy Enables Accelerated Execution
Nov 4, 2025
Part of Standard Solar’s growing community solar portfolio, the Channahon project underscores the company’s continued expansion and nationwide momentum ROCKVILLE, Md.--(BUSINESS WIRE)-- Standard Solar, a leading commercial and community solar developer and asset owner, has acquired the 6.3-megawatt (MW) Plaines II West Community Solar Garden in Channahon, Illinois, from Calvert Energy. The project exemplifies how Standard Solar leverages safe-harbored...
Copyright 2023-2026 - www.financetom.com All Rights Reserved