Latest news with #Paramount-owned
Yahoo
4 days ago
- Politics
- Yahoo
Mediator proposes $20 million settlement in Trump's CBS lawsuit, WSJ reports
(Reuters) -A mediator has proposed that Paramount Global and U.S. President Donald Trump settle his lawsuit against CBS News over an interview with former Vice President Kamala Harris for $20 million, the Wall Street Journal reported on Wednesday. The proposal would include a $17 million donation to Trump's presidential foundation or museum, as well as millions more in legal fees and public service announcements on Paramount-owned networks to fight antisemitism, the report said, citing people familiar with the matter. The White House and Paramount did not immediately respond to a request for comment. Trump filed a $10 billion lawsuit against CBS in October, alleging the network deceptively edited a "60 Minutes" interview with then-vice president and presidential candidate Harris to "tip the scales in favor of the Democratic Party" in the election. In an amended complaint filed in February, Trump bumped his claim for damages to $20 billion. Both parties have remained far apart on terms of a settlement. Paramount in May had offered $15 million to settle, according to WSJ, while Trump's team wanted more than $25 million and was also seeking an apology from CBS News. Paramount entered the mediation in April to try and settle the lawsuit. According to some analysts, the lawsuit is seen as a major roadblock to the $8.4 billion Paramount and Skydance Media merger, which requires approval from the U.S. Federal Communications Commission.
Economic Times
08-06-2025
- Entertainment
- Economic Times
The Equalizer: Queen Latifah starrer series to leave Netflix US this month. Check exact date to watch before it leaves platform
The Equalizer Seasons 1 to 3 Addition on Netflix When Will The Equalizer Leave Netflix US? Series Concluded After Five Seasons Live Events Short Licensing Period FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Equalizer series, which stars Queen Latifah as Robyn McCall, is scheduled to leave Netflix US in June 2025. The show, created by Andrew Marlowe and Terri Edda Miller, had a short run on the streaming added The Equalizer Seasons 1 to 3 on December 16, 2024. These seasons included 46 episodes. The show was only available in the United States. During its run, the series appeared on the daily TV charts for 18 days before dropping has now confirmed the departure of The Equalizer. Viewers can watch it until June 15, 2025. After this date, the series will no longer be available. A notice has been added to the platform stating the final viewing May 2025, an official announcement confirmed that The Equalizer had ended after five seasons. The final season was not part of the Netflix catalog. Only the first three seasons were included under the current licensing is part of a broader trend where Paramount-owned shows come to Netflix for limited periods. Unlike other companies that license entire runs, Paramount's deals often include shorter durations. An example is Star Trek: Prodigy, which is also set to leave after 18 Equalizer is leaving Netflix due to a short-term licensing deal by Paramount, which only made the show available for six is no official confirmation yet, but Paramount may move the show to its own streaming service after it leaves Netflix.
Yahoo
02-06-2025
- Business
- Yahoo
Paramount Global nominates three board directors as Skydance merger awaits approval
(Reuters) -Paramount Global nominated three new directors on Monday, seeking to boost its board strength to seven as it awaits regulatory approval for its $8.4 billion merger with Skydance Media. Paramount nominated Mary Boies, counsel to Boies Schiller Flexner LLP, Charles Ryan, co-founder and general partner of Almaz Capital, and Roanne Sragow Licht, former justice and adjunct professor at Boston University and Roger Williams University. U.S. President Donald Trump filed a $10 billion lawsuit against Paramount-owned CBS News in October, alleging that the network deceptively edited an interview with then-vice president and presidential candidate Kamala Harris, to "tip the scales in favor of the Democratic Party" in the election. Trump's lawsuit is seen as a major roadblock to the Paramount-Skydance merger, according to some analysts. The merger requires approval from the U.S. Federal Communications Commission, which has authority over the transaction because it needs to approve the transfer of the broadcast television licenses held by CBS. Paramount, chaired by Shari Redstone, reportedly offered $15 million to settle the suit. Trump raised his claim for damages to $20 billion in February. The Wall Street Journal reported last week that the company wanted to ensure it had a full board in place in case its negotiations with Trump to settle his lawsuit fell through. Paramount is scheduled to hold its annual stockholder meeting on July 2. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-05-2025
- Business
- Yahoo
California Is Investigating Paramount Over Alleged Settlement Offer To Trump
California state senators are investigating Paramount over the reported $15 million it offered President Donald Trump to settle his lawsuit against the company — and they're inviting top former employees to speak out. The news was first reported by Semafor, which obtained a letter the state's Senate Energy, Utilities and Communications Committee sent former '60 Minutes' producer Bill Owens and former CBS News president Wendy McMahon, who both left the Paramount-owned network as rumblings about a potential settlement circulated. 'Your recent resignations from CBS's leadership, amid public reports of internal concern about the editorial and ethical implications of the proposed settlement, suggest that you may possess important, first-hand knowledge relevant to our legislative oversight responsibilities,' committee chairs Sens. Josh Becker and Thomas Umberg wrote, asking them to appear at a hearing. The senators said they're concerned about the implications of a major media company being 'allowed to use politically motivated settlements to secure merger approvals or otherwise shape regulatory treatment,' noting that could disrupt fair competition in California's media industry and disadvantage viewers who 'deserve access to independent, unpressured journalism.' The letter emphasizes The Wall Street Journal's report earlier this week alleging that Paramount recently offered Trump $15 million to settle, and that Trump countered with a demand for more than $25 million to end his lawsuit, which accuses CBS News of doctoring footage from its '60 Minutes' interview with Kamala Harris to boost her chances of winning the presidential election. In their resignations, Owens and McMahon both indicated they disagreed with Paramount's approach to the lawsuit, with Owens saying he felt he'd lost journalistic independence and McMahon saying she and Paramount did 'not agree on the path forward.' The squabble over the lawsuit comes as Paramount tries to complete an $8 billion merger with Skydance Media, which requires approval from the Federal Communications Commission, headed by Trump appointee Brendan Carr. The state senators said that if Paramount settles in order to secure regulatory benefits, that could constitute a violation of federal bribery laws, California competition laws and other regulations. But perhaps even more concerning, the senators wrote, 'is the potential chilling effect of Paramount's settlement on investigative and political journalism.' Bernie Sanders Warns Paramount Not To Settle Trump's 'Bogus' Lawsuit '60 Minutes' Reportedly Under Increased Scrutiny As Network Mulls Settlement With Trump Trump's Lawyers Claim Kamala Harris' '60 Minutes' Interview Caused Him 'Mental Anguish'
Yahoo
29-04-2025
- Politics
- Yahoo
FCC Commissioner Says Trump Is Waging a ‘Campaign to Censor and Control' and ‘Harassing' Broadcasters
Speaking to Jake Tapper Monday afternoon on CNN's 'The Lead,' a sitting FCC commissioner openly criticized the regulatory agency's current Chair as well as Donald Trump in unusually blunt terms. Anna M. Gomez told Tapper that current FCC Chair Brendan Carr has essentially disregarded the recommendations of the agency's experts in order to pursue a vendetta against '60 Minutes' on behalf of Donald Trump. And Trump, Gomez said, is waging a 'campaign to censor and control' against Americans and the media in particular. Her comments came in response to Tapper askinge her if the FCC's role in approving the merger between Paramount and Skydance media is 'connected in any way' to the FCC's investigation of baseless fraud claims against Paramount-owned '60 minutes' over last year's interview with Kamala Harris. 'So what we have before us is this complaint, as you mentioned, of news distortion by this separate group, the staff of the FCC,' Gomez, a telecommunications lawyer appointed to the FCC in 2023, said. 'The expert staff of the FCC actually dismissed the complaint earlier this year, but the current chair reinstated the complaint, stating that it needed further investigation.' 'But let's be clear [about] what this administration is doing. It is on a campaign to censor and control, and in particular with broadcasters, it is harassing them into, they hope, covering the news the way that they want it to be covered,' Gomez continued. Asserting that she can't comment on questions related to the merger specifically, 'because it's still pending,' she added, 'I can tell you that there is no case of news distortion in the '60 Minutes' interview or the clips that were shown before the interview of Kamala Harris.' Watch Gomez's remarks on CNN below: The post FCC Commissioner Says Trump Is Waging a 'Campaign to Censor and Control' and 'Harassing' Broadcasters | Video appeared first on TheWrap.
