Trump claims new CBS owner will give him $20m worth of airtime over $16m settlement
The US president recently reached a $16m settlement with Paramount, the parent of CBS News, over what he claimed was misleading editing of a pre-election interview with the Democratic candidate for president, Kamala Harris.
While CBS initially called the lawsuit 'completely without merit', a view shared by many legal experts, its owner Paramount is in the midst of an $8bn sale to the Hollywood studio Skydance Media, which requires the approval of federal regulators.
In a post on his Truth Social platform, Trump claimed the settlement had been paid – and that he was expecting much more from the new owners of Paramount.
'Paramount/CBS/60 Minutes have today paid $16 Million Dollars in settlement, and we also anticipate receiving $20 Million Dollars more from the new Owners, in Advertising, PSAs [public service announcements], or similar Programming, for a total of over $36 Million Dollars,' he wrote.
CBS and Skydance did not immediately respond to requests for comment.
Trump's claim that he has been offered millions of dollars' worth of programming is likely to exacerbate anger over the axing of The Late Show, which CBS announced on Thursday.
Days earlier Colbert, a high-profile critic of Trump, had branded Paramount's settlement with Trump 'a big fat bribe'. He is due to remain on air until May, and declared on Monday that 'the gloves are off'.
Skydance was founded in 2010 by David Ellison, son of the tech billionaire Larry Ellison, co-founder of Oracle, and an ally of Trump.
The $16m settlement was already seen by critics as a further example of capitulation by media companies hoping to smooth the waters with the US president. ABC News, ultimately owned by Disney, also agreed to pay $15m to settle a defamation lawsuit over its coverage.
After Trump's latest claim regarding $20m worth of advertising and programing from Paramount, the Democrat senator Elizabeth Warren, said in a statement on X, formerly Twitter: 'This reeks of corruption.'
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