Paramount accused of bribery as it settles Trump lawsuit for $16 million

Payout to future presidential library

Paramount told us that the settlement terms were proposed by a mediator and that it will pay $16 million, including plaintiffs’ fees and costs. That amount, minus the fees and costs, will be allocated to Trump’s future presidential library, Paramount said. Trump’s complaint sought at least $20 billion in damages.

Paramount also said that “no amount will be paid directly or indirectly to President Trump or Rep. Jackson personally” and that the settlement will release Paramount from “all claims regarding any CBS reporting through the date of the settlement, including the Texas action and the threatened defamation action.”

Warren’s statement said the “settlement exposes a glaring need for rules to restrict donations to sitting presidents’ libraries,” and that she will “introduce new legislation to rein in corruption through presidential library donations. The Trump administration’s level of sheer corruption is appalling and Paramount should be ashamed of putting its profits over independent journalism.”

Trump previously obtained settlements from ABC, Meta, and X Corp.

Paramount said the settlement “does not include a statement of apology or regret.” It “agreed that in the future, 60 Minutes will release transcripts of interviews with eligible US presidential candidates after such interviews have aired, subject to redactions as required for legal or national security concerns.”

FCC’s news distortion investigation

Trump and Paramount previously told the court that they were in advanced settlement negotiations and are scheduled to file a joint status report on Thursday.

Federal Communications Commission Chairman Brendan Carr has been probing CBS over the Harris interview and holding up Paramount’s merger with Skydance. Carr revived a complaint that was previously dismissed by the FCC and which alleges that CBS intentionally distorted the news by airing two different answers given by Harris to the same question about Israeli Prime Minister Benjamin Netanyahu.

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