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3d ago

CBS Considers $50M Settlement in Trump Lawsuit as CEO Resigns Over Dispute

Jon Stewart warns of dangerous precedent as media companies face mounting legal and financial pressures under Trump's administration.

NEW YORK, NEW YORK - MAY 16: Jon Stewart looks on in Game Six of the Eastern Conference Second Round NBA Playoffs between the New York Knicks and the Boston Celtics at Madison Square Garden on May 16, 2025 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Al Bello/Getty Images)
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Overview

  • CBS News is weighing a $50 million settlement in President Donald Trump's $20 billion lawsuit over alleged election interference in a '60 Minutes' interview with Kamala Harris.
  • The potential settlement is tied to Paramount's efforts to secure FCC approval for its merger with Skydance Media, raising concerns about corporate influence on media integrity.
  • CBS News CEO Wendy McMahon resigned, citing disagreement over the company's direction and opposition to settling with Trump, which she and others view as compromising journalistic standards.
  • Jon Stewart criticized media companies for paying what he described as 'protection money' to Trump, referencing similar settlements by ABC News and Amazon, and warned that appeasement could embolden further demands.
  • Stewart expressed fears that these actions set a troubling precedent, likening them to bribery and questioning the broader implications for media freedom and democracy.