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CBS, Paramount to pay $16 million settlement to Trump

Fox & Friends co-host Charlie Hurt weighs in after CBS News and Paramount agreed to a settlement over the editing of the 60 Minutes interview with Kamala Harris that the Trump team claims influenced the 2024 election.

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Shari Redstone, the longtime media executive behind CBS and Paramount Global, was "blown away" by the terms of the "no-brainer" settlement with President Donald Trump that cleared the way for a blockbuster merger with Skydance Media.

Trump sought $20 billion in his lawsuit against CBS over its handling of an edited "60 Minutes" interview last year with then-Vice President Kamala Harris, accusing the network of election interference leading up to the 2024 contest. The dispute was settled in July, with Trump receiving $16 million upfront to cover legal fees, costs of the case, and contributions to his future presidential library or charitable causes.

The settlement paved the way for the Federal Communications Commission (FCC) to approve a long-planned merger between Paramount Global and Skydance Media. That allowed Redstone, who controlled more than three-quarters of Paramount’s Class A voting shares, to exit the newly formed company. 

PARAMOUNT, SKYDANCE COMPLETE $8 BILLION MERGER AS FCC CONTINUES CBS PROBE

Shari Redstone was ‘blown away’ by the terms of the settlement with President Donald Trump. (Getty Images)