Paramount-CBS And Trump Legal Teams Say They Are In 'Continued Mediation' To Settle '60 Minutes' Lawsuit, Ask Judge To Extend Some Filing Deadlines
The update came in a new filing in federal court in Texas in Friday, as the sides asked the judge for an extension of deadlines in filing motions to compel and responses.
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Trump claimed that CBS was deceptive in the way that the Harris interview was edited, as she was shown giving a different answer to the same question on the 60 Minutes broadcast in October than one shown on a Face the Nation preview the day before.
CBS has maintained that there was no deception and, in standard industry practice, one part of her answer was shown on Face the Nation and the other on 60 Minutes, due to time constraints.
Trump sued the network under Texas' Deceptive Trade Practices Act and the Lanham Act, typically used in cases of false advertising. The president claims that the interview cost his media entities, including Truth Social, an audience that was diverted to 60 Minutes.
A number of legal experts see the lawsuit as meritless, but CBS parent Paramount Global is seeking administration approval for its merger with Skydance Media.
Paramount-CBS has offered millions to settle the case, in what has been described to Deadline as an 'eight-figure discussion.' The Wall Street Journal reported that Paramount offered $15 million, but Trump's team is seeking $25 million and apology. There also has been speculation that a settlement could go even higher.
The settlement talks have created consternation within the news division. Last week, in an interview with CNN, 60 Minutes correspondent Scott Pelley said that a settlement and apology would be 'very damaging' to the reputation of CBS and Paramount.
The legal teams told the judge that they are not asking him to extend a June 23 deadline for CBS to file a response to Trump's opposition to their motion to dismiss the case.
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Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Levered FCF ($, Millions) US$505.0m US$572.0m US$660.5m US$652.0m US$652.3m US$658.3m US$668.3m US$681.3m US$696.6m US$713.7m Growth Rate Estimate Source Analyst x6 Analyst x5 Analyst x2 Analyst x1 Est @ 0.05% Est @ 0.92% Est @ 1.52% Est @ 1.95% Est @ 2.25% Est @ 2.45% Present Value ($, Millions) Discounted @ 7.7% US$469 US$493 US$528 US$484 US$450 US$421 US$397 US$376 US$356 US$339 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$4.3b The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.9%. We discount the terminal cash flows to today's value at a cost of equity of 7.7%. Terminal Value (TV)= FCF2035 × (1 + g) ÷ (r – g) = US$714m× (1 + 2.9%) ÷ (7.7%– 2.9%) = US$15b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$15b÷ ( 1 + 7.7%)10= US$7.3b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$12b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of US$252, the company appears about fair value at a 15% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Huntington Ingalls Industries as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.7%, which is based on a levered beta of 1.106. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Check out our latest analysis for Huntington Ingalls Industries Strength Debt is well covered by earnings. Weakness Earnings declined over the past year. Dividend is low compared to the top 25% of dividend payers in the Aerospace & Defense market. Opportunity Annual earnings are forecast to grow for the next 3 years. Good value based on P/E ratio and estimated fair value. Threat Debt is not well covered by operating cash flow. Paying a dividend but company has no free cash flows. Annual earnings are forecast to grow slower than the American market. Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For Huntington Ingalls Industries, we've compiled three additional aspects you should look at: Risks: Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Huntington Ingalls Industries (at least 1 which can't be ignored) , and understanding them should be part of your investment process. Future Earnings: How does HII's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $359.72 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
