Paramount in Settlement Talks With Trump Over ‘60 Minutes’ Lawsuit
A settlement, if reached, would be an extraordinary concession by a major U.S. media company to a sitting president.
A settlement, if reached, would be an extraordinary concession by a major U.S. media company to a sitting president.
www.nytimes.com
“… Shari Redstone, Paramount’s controlling shareholder, strongly supports the effort to settle, according to two people with knowledge of her thinking. Ms. Redstone stands to clear billions of dollars on the sale of Paramount, the media empire founded by her father Sumner Redstone, in a deal with Skydance, an entertainment company backed by the billionaire Larry Ellison and run by his son David.
… A settlement would be an extraordinary concession by a major U.S. media company to a sitting president, especially in a case in which there is no evidence that the network got facts wrong or damaged the plaintiff’s reputation.
It could also cause an uproar within CBS News and among the “60 Minutes” staff. Journalists at the network have expressed deep concern about the notion of their parent company settling litigation that they consider tantamount to a politician’s standard-issue gripes about a news organization’s editorial judgment, according to several people familiar with internal discussions.
Edward Paltzik, Mr. Trump’s lawyer on the case, wrote in a statement on Thursday: “Real accountability for CBS and Paramount will ensure that the president is compensated for the harm done to him, and will deter the Fake News from further distorting the facts to advance a partisan agenda. President Trump looks forward to seeing this case through to a just conclusion.” …”