Paramount announced a $16 million payment to President Trump's future presidential library, settling a lawsuit Trump filed against CBS over an edited interview. Trump's lawsuit lacked merit, and CBS would likely have fought it if it weren't under a parent corporation with regulatory interests before Trump-appointed agencies. Paramount’s pending $8 billion merger requires FCC approval, and regulatory pressure was indicated in potential ties to Trump's complaints against CBS. The legal implications of news distortion complaints were established nearly a century ago by congressional action on news broadcast accuracy.
On Tuesday, the media-and-entertainment conglomerate Paramount announced a $16 million payment to President Donald Trump's future presidential library, settling a lawsuit Trump filed against CBS.
Trump's lawsuit was about as meritless as a lawsuit can be, for reasons I'll explain shortly.
If CBS were a freestanding news organization, it would have fought the case and won.
Paramount is pursuing an $8 billion merger that requires approval from the Federal Communications Commission.
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