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

RTTNews | 56 ngày trước
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.

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 ngày trước
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 ngày trước
Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric
RTTNews | 49 phút trước
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
RTTNews | 2h 41phút trước
Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
RTTNews | 3h 33phút trước
European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
RTTNews | 3h 34phút trước
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 5h 0phút trước