CBS owner Paramount reportedly intends to settle Trump’s $20 billion lawsuit

Paramount is nearing a settlement with President Trump over claims that CBS's 60 Minutes "deceptively manipulated" a pre-election interview with Kamala Harris. Though the lawsuit seeking $20 billion was dismissed as frivolous, internal discussions suggest an out-of-court deal to avoid distractions and finalize a merger with Skydance Media, which requires FCC approval. Meanwhile, Trump’s legal team has reportedly leveraged the FCC’s rarely enforced news distortion policy to investigate CBS, complicating Paramount's path forward. A potential settlement could help streamline the merger process while addressing both parties' interests in navigating FCC proceedings.