Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris

RTTNews | 57 दिनों पहले
Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris

(RTTNews) - Media firm Paramount Global has agreed to pay $16 million to settle a legal dispute with U.S. President Donald Trump, over its '60 Minutes' interview with former Vice President Kamala Harris, reports said. The interview was broadcast on Paramount's affiliated CBS network last year, ahead of the 2024 Presidential election.

Trump had filed a lawsuit last October in the Northern District of Texas seeking $20 billion in damages, after alleging that the network had deceptively edited the interview with Harris, then Vice President and the Democratic Presidential nominee, to be in favour of the Democratic party.

Paramount reportedly agreed to settle the lawsuit with the help of a mediator, and the payment includes the President's legal fees. The money would be allocated to Trump's future Presidential library, and not paid to him directly or indirectly.

Meanwhile, the company, which previously asked the judge to dismiss the lawsuit saying its completely without merit, is not issuing a statement of apology or regret under the settlement.

Paramount reportedly said, "The settlement will include a release of all claims regarding any CBS reporting through the date of the settlement, including the Texas action and the threatened defamation action."

Paramount also agreed that 60 Minutes will release transcripts of interviews with future Presidential candidates.

The developments are not expected to affect Paramount's planned merger with Skydance Media.

Earlier, Walt Disney-owned ABC News had settled a defamation case brought by Trump.

टैग: PARA
read more
Paramount Global To Merge With Skydance; Stock Up

Paramount Global To Merge With Skydance; Stock Up

Media major Paramount Global and Skydance Media, founded by David Ellison, son of Oracle founder Larry Ellison, announced late Sunday their agreement to merge in an all-stock transaction, to form New Paramount at an enterprise value of around $28 billion. In pre-market activity on the Nasdaq, Paramount Global shares were gaining around 4.7 percent.
RTTNews | 416 दिनों पहले
Paramount Stock Up In Pre-market On Reports Of Sony-Apollo Joint Bid Talks

Paramount Stock Up In Pre-market On Reports Of Sony-Apollo Joint Bid Talks

Sony Pictures Entertainment, affiliated to Japanese conglomerate Sony Group Corp., is in discussions with US private equity group Apollo Global for making a joint takeover bid for entertainment giant Paramount Global, reports said citing people familiar with the matter. The talks are said to be in an early stage. Following the news, Paramount Global shares were gaining around 10.7 percent...
RTTNews | 496 दिनों पहले
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 9 मिनटों पहले
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | 32 मिनटों पहले
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 38 मिनटों पहले
Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
RTTNews | 1घंटे 43 मिनट पहले
U.S. GDP Jumps More Than Previously Estimated In Q2

U.S. GDP Jumps More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.
RTTNews | 1घंटे 51 मिनट पहले