Despite a shameful ‘60 Minutes’ settlement, the Paramount-Skydance merger is not a sure thing
Given how long negotiations were dragged out, there was some reason to hope that Paramount Global wouldn’t give in and settle Donald Trump’s bogus lawsuit claiming that “60 Minutes” had deceptively edited an interview with Kamala Harris last October.
In the end, Trump got what he wanted. Paramount, CBS’s parent company, will settle the suit for $16 million. If you’re looking for one tiny reason to be hopeful, the settlement did not come with an apology. In agreeing to pay off Trump, Paramount’s major owner, Shari Redstone, will now presumably find smooth sailing through the regulatory waters in selling her company to Skydance Media. Skydance, in turn, is headed by David Ellison, the son of Oracle co-founder Larry Ellison, a friend of Trump’s.
NPR media reporter David Folkenflik has all the details. What’s clear is that this may well be the end of CBS News as a serious news organization. Just the possibility of a settlement has brought about the resignations of top executives as well as criticism from “60 Minutes” correspondent Scott Pelley. As recently as Monday, media reporter Oliver Darcy revealed that all seven “60 Minutes” correspondents had sent a message to their corporate overlords demanding that it stand firm. Murrow weeps, etc.
What I want to note, briefly, is that there are still two complications that Paramount and Skyline must contend with before wedded bliss can ensue.
The first is a threat by U.S. Sens. Elizabeth Warren, D-Mass., Ron Wyden, D-Ore., and Bernie Sanders, I-Vt., to launch an investigation into whether the payoff amounts to an illegal bribe. Given that every legal and journalistic expert who’s looked at the case believes the editing of the Harris interview was ordinary and unremarkable (among other things, “60 Minutes” edited out a clip of Harris complaining about her hay fever), that investigation might yield some headlines at least.
“Paramount appears to be attempting to appease the Administration in order to secure merger approval,” the three said in a May press release issued by Warren’s office. They added: “If Paramount officials make these concessions in a quid pro quo arrangement to influence President Trump or other Administration officials, they may be breaking the law.”
The second is a threatened shareholder lawsuit by the Freedom of the Press Foundation. In a May statement, the organization’s director of advocacy, Seth Stern, cited the three senators’ possible investigation and said this:
Corporations that own news outlets should not be in the business of settling baseless lawsuits that clearly violate the First Amendment and put other media outlets at risk. A settlement of Trump’s meritless lawsuit may well be a thinly veiled effort to launder bribes through the court system.
In this morning’s newsletter from CNN media reporter Brian Stelter, the foundation is reported to be moving ahead with its plans: “The group’s lawyers are huddling today, I’m told. A spokesperson said ‘Paramount’s spineless decision to settle Trump’s patently unconstitutional lawsuit is an insult to the First Amendment and to the journalists and viewers of “60 Minutes.” It’s a dark day for Paramount and for press freedom.’”
The Paramount settlement follows Disney’s disastrous and unnecessary $15 million settlement of a suit brought by Trump over a minor wording error by ABC News anchor George Stephanopoulos in describing the verdict against Trump in the E. Jean Carroll civil case. Stephanopoulos said Trump had been found to have “raped” Carroll, whereas the technical legal term was “sexual abuse.”
Trump’s claim failed on two grounds: What Stephanopoulos said was substantially true, and there was no evidence that the anchor had deliberately or recklessly mischaracterized the outcome of the case. But no matter. Disney settled anyway.
So far, at least, Gannett is holding firm in Trump’s suit against The Des Moines Register and pollster Ann Selzer over a survey that showed Trump trailing Harris in the Buckeye State (which he ended up winning easily) several days before the 2024 election.
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