CBS News CEO Steps Down Amid Trump’s Lawsuit
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Bernie Sanders (I-Vt.) repeated his calls for Paramount Global’s controlling shareholder, Shari Redstone, not to settle with President Donald Trump over his “bogus” lawsuit concerning a “60 Minutes” segment.
CBS News Chief Executive Wendy McMahon is exiting the company, the latest high-ranking departure from a network embroiled in a lawsuit with President Trump over how a “60 Minutes” interview with Kamala Harris was edited.
Paramount has been facing ire from its CBS stars and prominent Democrats as it mulls whether to settle President Trump's lawsuit over its "60 Minutes" interview with Kamala Harris.
The senators say the decision to try to settle President Trump’s lawsuit appears to be a ‘deal’ to ‘exploit his position to intimidate the media
CEO of Paramount Global, is helping negotiate a settlement of the president’s lawsuit against CBS News, with the pending merger of Paramount and Skydance in the balance.
One problem is that Paramount has a relatively small international presence. That means David (or to be more precise Larry) will have to dip into his wallet to expand the reach of its streaming product outside the US if they want it to start making even a few bucks like rival Warner Bros. Discovery has accomplished in its foray into streaming.