Paramount (PARA) executives have held internal discussions about settling a lawsuit filed by Donald Trump over a CBS News interview with Vice President Kamala Harris, people familiar with the situation told The Wall Street Journal’s Jessica Toonkel and Drew FitzGerald. Paramount has a major piece of business in front of the new administration in its planned merger with Skydance Media and it has “become clear to executives at both companies that Trump’s dissatisfaction with CBS News will make the review tougher than they anticipated,” said the sources. The sources add that the companies believe they’ll likely need to offer concessions to win approval.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PARA:
- Now Streaming: Imax to debut Netflix ‘Narnia’ film across its network in 2026
- Hit by LA Fires, Apple, Amazon and Netflix (NASDAQ:NFLX) to Stream Benefit Concert
- Disney, Netflix, others in talks to stream L.A. fires concert, Bloomberg says
- M&A News: Another Hurdle for Paramount (NASDAQ:PARA) Merger: Tencent
- Box Office Battle: ‘Den of Thieves 2’ wins weekend with $15.5M debut