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Posted on 05/22/2025 2:34:34 AM PDT by Libloather
Shari Redstone-controlled Paramount is poised to settle a closely watched legal battle with President Trump over alleged deceptive editing of a controversial “60 Minutes” interview with Kamala Harris – but warring factions within the company have delayed the move, On The Money has learned.
The media giant is said to be willing to spend up to $50 million to end the $20 billion lawsuit brought by Trump, thus lifting a legal black cloud that is that is hampering Redstone’s plans to sell Paramount, and its CBS News subsidiary at the center of the lawsuit, to independent studio Skydance in a deal valued at $8 billion, according to people with direct knowledge of the matter.
But the infighting inside Paramount has paralyzed Redstone & Co. from pulling the trigger, leaving management and board members in limbo, the sources said.
“There seems to be a bit of decision constipation on their part,” said a lawyer with knowledge of the matter. “(Redstone) has been poised to settle this for months but is getting conflicting advice.”
Another lawyer close to the situation said a “decision could be made tonight or tomorrow.”
The board literally has an emergency meeting every week on when to settle,” the source said.
Press reps for Redstone and Paramount declined comment, but didn’t deny the substance of this report.
Redstone and her board are said to be facing some significant internal pressure from members of her legal team and others not to cave to Trump’s demands.
(Excerpt) Read more at nypost.com ...
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Oops. Link is to the NY Post. Blame it on the lack of caffeine. Or Canada.
derp...
They should pay Trump so he can pay Qatar for his new Presidential jet, Airforce One.
Shari don’t like it
Rocking the casbah, Rock the casbah
Skydance, why haven’t you walked away...
Skydance.. David Ellison, son of oracle founder Larry ellison.. please, talk amongst yourselves.
This may explain a lot on Redstone’s end...
https://www.nasdaq.com/market-activity/stocks/para/institutional-holdings
Check out three of the top four.
The names should ring a bell, eh?
They are custodians, who hold stock on behalf of mutual funds, who hold stock on behalf of the beneficial owners. It’s all pass-through.
The custodians are calling the shots.
Analysis paralysis has a toxicity level. Here Paramount, pull my finger instead.
Start clicking on shareholders of the shareholders of the shareholders and you soon realized they all are one big club, and you ain’t part of it.
That ship sailed for me many, many moons ago.
Now 60 minutes did what 60 minutes has always done. Manipulated the public using video and their pre-planned story line.
I can see a number of people lining up to cash in...destroyed by the CBS lies.
CBS News is doing its damndest to torpedo the merger.
Good, fight it, it will help ruin the deal and 86 CBS.
Because half the leftist activists at CBS will be fired and unable to get a job as the country is saturated with leftist activists in the media.
Rumor is the settlement announcement is imminent...
$30 to $50 mil the rumored amount.
Stand by...
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