Pressure mounts on Paramount Global regarding a $20 billion lawsuit from Trump, accusing CBS News of election interference. Mediation is underway, indicating a potential settlement. Democratic lawmakers, including Senators Bernie Sanders and Elizabeth Warren, have urged Paramount's controlling shareholder, Shari Redstone, not to settle, fearing it would empower Trump against critical media. Despite these warnings, Redstone is believed to favor settling the lawsuit to ensure a smoother merger with Skydance Media and avoid possible repercussions from Trump's FCC, showing the complex interplay of media, politics, and corporate strategy.
A group of Democratic lawmakers, including Senators Bernie Sanders and Elizabeth Warren, made a direct plea to Shari Redstone, Paramount's controlling shareholder, to not settle the lawsuit as it could embolden Trump further in his conflict against media outlets.
Redstone was reportedly in favor of settling the lawsuit to facilitate Paramount's merger with Skydance Media and avoid possible retribution from the Trump-led FCC.
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