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Paramount pays Trump's extortion [1]
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Date: 2025-07-02
In order to get governmental approval of its sale to Skydance, Paramount has paid Trump $16 million to settle his meritless suit against CBS/60 Minutes. Although no apology is included in the settlement, the extortion money will go to Trump’s future “library,” i.e., his pocket. This is only the latest capitulation to the extortion racket being run by Trump and his administration. Targeting universities, law firms and media.
A shareholder’s derivative suit against Paramount’s board is expected seeking to recoup the criminal extortion payment on behalf of the company.
Paramount said late Tuesday that it has agreed to pay President Trump $16 million to settle his lawsuit over the editing of an interview on the CBS News program “60 Minutes,” an extraordinary concession to a sitting president by a major media organization.
Paramount said its payment includes Mr. Trump’s legal fees and costs and that the money, minus the legal fees, will be paid to Mr. Trump’s future presidential library.
Many lawyers had dismissed Mr. Trump’s lawsuit as baseless and believed that CBS would have ultimately prevailed in court, in part because the network did not report anything factually inaccurate, and the First Amendment gives publishers wide leeway to determine how to present information.
But Shari Redstone, the chair and controlling shareholder of Paramount, told her board that she favored exploring a settlement with Mr. Trump. Some executives at the company viewed the president’s lawsuit as a potential hurdle to completing a multibillion-dollar sale of the company to the Hollywood studio Skydance, which requires the Trump administration’s approval.
Freedom of the Press Foundation, a First Amendment group, has said it planned to file a lawsuit on behalf of shareholders against Ms. Redstone and the Paramount board in the event of a settlement; the group has retained the prominent litigator Abbe Lowell for its effort.
www.nytimes.com/...
For further discussion on how Trump has used his office to enrich himself, check this out:
www.nytimes.com/...
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