CBS owner Paramount is reportedly nearing a settlement with President Donald Trump over his claim that 60 Minutes “deceptively manipulated” a pre-election interview with Kamala Harris.
Trump’s complaint, filed against Paramount and CBS in a federal court in Texas, seeks at least $20 billion in damages. The lawsuit has been widely described as frivolous, but it appears that Paramount is motivated to settle the case while it seeks the Trump administration’s approval for a merger with Skydance.
Reports published yesterday by the Los Angeles Times and New York Times say that Paramount is ready to settle. “In an April 18 meeting, the Paramount board outlined acceptable financial terms for a potential settlement with the president, according to three people with knowledge of the internal discussions,” the NYT wrote. “The exact dollar amounts remain unclear, but the board’s move clears a path for an out-of-court resolution.”