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 ...
I’m going with contrarious a few lines down lol
$19 billion and not a penny less.
Paramount Worried Settling Trump '60 Minutes' Lawsuit Could Lead to 'Bribery' Charges
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