The Fight for Free Speech Goes Corporate

Early this month, as soon as the news broke of Paramount’s decision to pay President Donald Trump’s foundation sixteen million dollars to settle a lawsuit against CBS News, the Freedom of the Press Foundation moved to take legal action. The FPF, as it’s known, tracks and resists government infringement on the news media. It’s also a Paramount shareholder, prepared to push for those interests with corporate muscle. Trump’s case, and the response of Paramount’s board, immediately set off alarm bells, as the company was in the midst of pursuing an eight-billion-dollar merger with Skydance, a Hollywood studio, that required approval from the Federal Communications Commission. “They’re essentially making a handshake deal with Donald Trump,” Seth Stern, the FPF’s advocacy director, told me. He and the FPF’s legal team believed that such a deal could be a violation of federal bribery laws. And, he noted, Shari Redstone, Paramount’s controlling shareholder, stands to make two billion dollars from the merger. “I would think that, regardless of what Shari has to offer the rest of the board,” Stern said, “the prospect of potential prosecution for bribery would be something they would think quite hard about.”