’60 Minutes’ Settlement Worth up to $35M; Paramount Denies Deal Includes PSAs

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’60 Minutes’ Settlement Worth up to M; Paramount Denies Deal Includes PSAs — 60 Minutes Settlement Worth up to 35M Paramount Denies Deal.jpg

Paramount Global Settles Lawsuit with President Trump for $16 Million

Paramount Global has announced that it will pay $16 million to settle the lawsuit filed by President Donald Trump against “60 Minutes.” Legal experts have deemed the lawsuit baseless, but Trump claims that the settlement is worth double that amount, possibly up to $35 million when considering advertising agreements.

During a press briefing at Joint Base Andrews, Trump stated that the settlement included a combination of $16 million in cash and an additional $16 million or more in advertising. However, Paramount has denied any provisions for airing public service announcements on CBS or any of its other networks as part of the settlement.

Despite Trump’s claims, a source familiar with the situation has confirmed that the settlement is indeed $16 million, with no additional advertising commitments from Paramount or Skydance Media. This contradicts reports suggesting a “side deal” between Skydance CEO David Ellison and Trump for PSAs supporting conservative causes valued at $15-20 million.

Paramount Global released a statement on July 2 clarifying that the settlement does not include any PSAs or related commitments beyond the disclosed terms. The company reaffirmed that the material terms of the settlement agreement are as previously announced.

On a separate note, Trump’s legal team issued a statement on July 1 celebrating the settlement as a victory against the “Fake News media.” The statement did not mention any agreements regarding PSAs, focusing instead on holding the media accountable for their actions.

Senator Elizabeth Warren has raised concerns about the settlement, suggesting that Paramount’s payment to Trump could constitute an illegal bribe. She has called for an investigation into whether anti-bribery laws were violated in the settlement agreement.

In conclusion, Paramount Global has settled the lawsuit with President Trump for $16 million, with no additional advertising commitments included in the agreement. The controversy surrounding the settlement continues to spark debate and calls for further scrutiny into the legal implications of the deal.