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Int'l Business Times
4 days ago
- Business
- Int'l Business Times
Fox News Called Out for Editing Fed Chair Fact-Checking Trump: 'Jerome Powell Should Sue'
Fox News played video of a contentious moment between President Donald Trump and Federal Reserve Chair Jerome Powell, but omitted the end of the exchange, when Powell fact-checked the president. Trump visited the Federal Reserve's Washington headquarters on Thursday, where renovation costs have exceeded budget. The president has been critical of the project's ballooning budget, suggesting Powell could be committing fraud. During a tour of the building, Trump confronted Powell while cameras rolled. Watters airs a version of the Trump/Powell exchange from earlier today. The part where Powell says the building was built five years ago is omitted — Acyn (@Acyn) July 25, 2025 In the clip of the interaction, Trump presents Powell with an apparent budget sheet, claiming the cost of Fed renovations has ballooned from $2.7 billion to $3.1 billion. A baffled Powell examines the sheet. "Oh, you're including the Martin a third building," he says. "Yeah, it's a building that's being built," Trump retorts. On Fox News, the clip ends there. The Fox News banner on the video reads: "Powell spends big, Trump brings receipts." However, the unedited exchange, which Fox News streamed live earlier that same day, reveals that Powell pushed back, clarifying that Trump had included a separate building which was completed five years earlier, during Trump's first term. Trump: It looks like it's about $3.1 billionPowell: I'm not aware of It just came outPowell: You just added in a third building Trump: It's a building that's being built Powell: It was built five years ago. — Acyn (@Acyn) July 24, 2025 "That's a third building. It was built five years ago," Powell says while reviewing the sheet. We finished Martin five years ago—it's not new." That portion of the conversation was omitted from Fox's broadcast, prompting accusations of deliberate editing to protect the president from public embarrassment. maga state media at its finest — the canadian (@comedicanadian) July 25, 2025 Online, users who viewed both versions called out the omission, accusing Fox of bias and noting the recent $16 million settlement CBS paid to Trump after he sued the network for what he claimed was a deceptive edit of a Kamala Harris interview. SUE THEM! They edited the interview! — Cindi Branham (@CindiBranham1) July 25, 2025 Trump accused CBS of editing a November 2024 60 Minutes interview with Harris to make her appear more articulate. Critics questioned the strength of the case, with many speculating that CBS-parent company Paramount capitulated to Trump in hopes of receiving the required federal approval to complete a high-stakes merger with Skydance Media. "So is this the time to sue for $16,000,000?" a question read online. "What's the difference in CBS editing out a part from Kamala's interview and this?" "Editing footage to make an incompetent more like grounds for a lawsuit," an X user wrote pointedly. Jerome Powell should sue using Trump's case against CBS as precedent — Gregory Natoli (@NatoliFish) July 25, 2025 So far, neither Powell nor the Federal Reserve has commented publicly on the matter, and Fox News has not addressed the backlash. Originally published on Latin Times Donald trump Video Lawsuit © Latin Times. All rights reserved. Do not reproduce without permission.
New York Post
21-07-2025
- Entertainment
- New York Post
Stephen Colbert insisted on announcing shock cancellation of ‘Late Show' — just hours after he learned about it himself
'Late Show' host Stephen Colbert insisted on announcing that his top-rated program would be canceled — just hours after finding out cash-strapped CBS would not renew his hefty contract, The Post has learned. The late-night star was told by network brass late Wednesday night that his reported $15 million to $20 million contract would not get picked up and that they were going to pull the plug on the show, according to a well-placed source. Colbert — who had returned from vacation two days earlier and blasted CBS-parent Paramount Global for settling a high-profile lawsuit with President Trump during his monologue — decided the next morning that he would waste no time in sharing the decision about his fate, the insider added. Advertisement 'He wanted to tell the world,' the source said. 'CBS said OK. They taped with an audience and had to get the news out there before the audience or staff leaked it.' 4 Stephen Colbert insisted on telling the world that his bosses cancelled 'Late Show.' AP Colbert broke the news to the shocked studio audience at The Ed Sullivan Theater in New York's Midtown during taping at 5:30 p.m. ET on Thursday. Advertisement 'It's not just the end of our show, but it's the end of 'The Late Show' on CBS. I'm not being replaced. This is all just going away,' Colbert said to a chorus of boos. Less than two hours later, CBS sent out a press release that included the taped comments, which would air at 11:35 p.m. ET that night. A rep for CBS confirmed the network worked with Colbert on rolling out the announcement. 4 Colbert's show was canceled days before he called CBS' settlement with Trump a 'bribe.' csuarez Advertisement Paramount co-CEO George Cheeks, who oversees CBS, claimed it was 'purely a financial decision' to pull the plug on the late-night staple, first-launched by David Letterman in 1993. Colbert, who took over hosting duties a decade ago, will stay on the air until May of next year. The Post reported that the show was losing betweek $40 million and $50 million annually, and that advertising had slumped along with overall viewership. Meanwhile, Puck News reported that the show's annual production cost was a sky-high $100 million. A source familiar with the situation said that all the late-night shows have been battling paltry viewership and declining ratings, but that Colbert's show had higher costs, making it hard to justify continuing the program. 'If it was losing money like that, then it had to be canceled,' the source told The Post. Advertisement 4 CBS said the show's cancellation was financial. According to reports, the show had a budget of $100 million and had been losing $40 million annually. AP However, several left-leaning pundits and lawmakers speculated that Colbert's steady diet of anti-Trump rhetoric, including last Monday over the Paramount settlement, played a pivotal role in killing the show. 'I believe this kind of complicated financial sentiment with a sitting government official has a technical name in legal circles. 'It's a 'big fat bribe,'' Colbert quipped. 'Because it all comes as Paramount's owners are trying to get the Trump administration to approve the sale of our network to a new owner, Skydance!' The settlement of the lawsuit has been viewed as helping pave the way for Trump's Federal Communications Commission boss Bredndan Carr to greenlight Skydance Media's $8 billion acqusition of Paramount. CBS has previously denied that ther settlement and merger talks are not connected. 4 Colbert's last show will be in May of next year. CBS via Getty Images 'I've lost interest in extreme POVs on either end, but I see this as a chilling of free speech and the timing seems to send a strong message that this is cause and effect for what he said about the settlement,' a CBS staffer told Fox News. Advertisement 'The CBS leadership could have cloaked it somehow, but made a decision not to.' On Monday, 'Tonight Show' host Jimmy Fallon and other top comedians were expected to rally around Colbert and make a cameo on 'The Late Show,' The Post exclusively reported.
New York Post
11-07-2025
- Business
- New York Post
Skydance reportedly in talks to buy Bari Weiss' The Free Press — is CBS News role in her future?
Skydance CEO David Ellison has reportedly held talks with Bari Weiss to buy her online news site The Free Press — fueling growing speculation that he is wooing the right-of-center voice to join CBS News once his company's long-stalled merger with Paramount is approved. The discussions are in the early stages, a source close to the situation told The Post on Friday. Ellison and Weiss — an opinion writer who started The Free Press in 2021 after a public falling out with the left-leaning New York Times — were both spotted attending this week's Allen & Co. conference in Sun Valley, Idaho. The annual 'summer camp for billionaires' has historically been a deal-making hotbed. Advertisement 5 The Free Press founder Bari Weiss, who was spotted in Sun Valley, is in sale talks with Skydance boss David Ellison. Getty Images Allen & Co. is a shareholder in The Free Press, along with more than 30 other investors that include venture capitalists Marc Andreessen and David Sacks, and the former Starbucks chief executive Howard Schultz, according to the Times, which first reported deal talks. Ellison and Weiss have discussed several potential collaborations, including a role for Weiss in shaping CBS News' editorial direction, though not in a managerial capacity, the Times added, citing two sources. Advertisement Skydance declined to comment. Weiss did not immediately return requests for comment. Ellison has reportedly 'quietly courted' Weiss to bring her on board at CBS News in some high-profile capacity for months. The duo reportedly met in New York City last year, with news of the meeting ruffling feathers at '60 Minutes,' the Status newsletter reported last month 5 Ellison, who is poised to take over CBS-parent Paramount Global, has been tipped to take a major role reshaping CBS News. AFP via Getty Images The latest talks come as Skydance awaits approval from the Federal Communications Commission on its $8 billion merger with CBS News parent Paramount Global. Advertisement The deal has been throttled by President Trump-nominated FCC Chair Brendan Carr as the agency investigates the network's alleged liberal media bias, as well as its Diversity, Equity and Inclusion initiatives. Last week, CBS News agreed to pay $16 million to settle a lawsuit brought by Trump for allegedly decpetively editing a '60 Minutes' interview with his Democratic challenger Kamala Harris shortly before the election. A CBS News source told The Post that bringing on Weiss won't change that network's 'woke' drift, citing its culture of pushing back on authority. 'What Ellison needs to understand is that the anchors and the show executives think they can outlast any executive choice,' the source said, citing a revolving door of news executives and news presidents in the last few years. Advertisement The person descibed a 'drag-your-feet' culture, in which new executives try to make bold moves, but they are ultimately ignored by the staff, who pays lip-service to them and wait until they're pushed out. 5 Weiss (left) and her wife, Nellie Bowles in Sun Valley. Andrew H. Walker/Shutterstock 'Bari Weiss will have an axe in her head in three minutes,' the person concluded. In the spring, longtime '60 Minutes' executive producer Bill Owens quit in protest, citing a lack of editorial freedoms. His boss, CBS News CEO Wendy McMahon, followed suit. Weiss quit the Times opinions sections because she felt that the Gray Lady's left-wing culture was hostile to moderate and conservative voices. 5 Paramount recently settled its lawsuit with President Trump over its Kamala Harris sitdown, to the dismay of '60 Minutes' staffers. 60 Minutes She launched The Free Press with her wife, former Times journalist Nellie Bowles, and Weiss' sister Suzy Weiss, a former New York Post reporter. The trio started the publication as an alternative to left-leaning outlets and sought to cover current events with a 'common sense' point of view, tackling subjects such as anti-Semitism on college campuses, the debate over transgender rights in women's sports, media bias and wokism. Advertisement Weiss has championed stories that shed a light on antisemitism across America and Europe following Hamas' October 7 massacre in Israel, as well as developing a podcast series called 'The Witch Trials of J. K. Rowling,' featuring interviews with the 'Harry Potter' author, and others, over her controversial views on transgender people. 5 FCC chair Brendan Carr is responsible for greenlighting the Skydance-Paramount merger. Michael Brochstein/ZUMA / She also hired veteran NPR journalist Uri Berliner, who resigned from the liberal outlet after being suspended for criticizing how the mainstream media — and his employer — had lost the public's trust by approaching stories with a progressive bend. It also hosts a series of live events that dig into hot topics such as immrigration and crime. Advertisement As of last summer, The Free Press had more than 50 employees and offices on both coasts. The site has more than 136,000 subscribers paying around $8 a month, Axios reported in late December. The Times estimated that the site has roughly 1.5 million free and paid subscribers in total.
The Hindu
01-07-2025
- Business
- The Hindu
Paramount, Trump in 'advanced' settlement talks, court filing says
Paramount Global and President Donald Trump are engaged in "good faith, advanced, settlement negotiations" to resolve a lawsuit filed by Trump against CBS in October, alleging the network deceptively edited a "60 Minutes" interview with then-vice president Kamala Harris. Lawyers on Monday in a court filing asked a judge in Texas to delay all proceedings until Thursday. Mr. Trump has sought $20 billion but a mediator proposed a $20 million settlement, the Wall Street Journal reported last week. The network owned by Paramount previously said the lawsuit is "completely without merit" and asked a judge to dismiss the case. A lawyer representing Mr. Trump, Edward Paltzik, could not immediately be reached for comment. A spokesman and a lawyer for Paramount Global could not be reached for comment. A spokesperson for Paramount's controlling shareholder, Shari Redstone, could not be reached. CBS-parent Paramount Global is seeking approval from the Federal Communications Commission for its $8.4 billion merger with Skydance Media. FCC Chair Brendan Carr, who was named chair by Mr. Trump on Jan 20, said last week the commission was continuing to review the transaction. The FCC did not make a decision by the 180-day informal deadline in mid-May. Mr. Trump contended CBS sought to "tip the scales in favor of the Democratic Party" and the former vice president in the election by airing two different versions of answers Harris gave to a question, while CBS denied any wrongdoing. In January, Carr reinstated a complaint about the "60 Minutes" Harris interview. CBS has urged Carr to dismiss the complaint, saying it did nothing wrong and that the complaint aims to turn "the FCC into a full-time censor of content."
Time of India
27-06-2025
- Business
- Time of India
FCC chief had no discussions with White House on Trump Mobile phone
By David Shepardson WASHINGTON: The head of the U.S. Federal Communications Commission said on Thursday he had no discussions with the White House about the Trump Organization's self-branded mobile service and a $499 smartphone dubbed Trump Mobile . FCC Chair Brendan Carr , who was designated chair by President Donald Trump in January, told reporters he had learned about the project through a public press release and had no conversations with anyone outside the agency about it. "We're going to run our normal process if there's anything that needs to be done by the FCC on that," Carr said. "I think competition is a good thing - so think it's great we get more sort of entry, more competition." Trump Mobile is powered by Liberty Mobile Wireless , a Florida-based company founded in 2018 by entrepreneur Matthew Lopatin. The company operates as a mobile virtual network operator, renting bandwidth from major carriers such as T-Mobile to offer its own service under a different name. Separately, Carr said the commission is continuing to review CBS-parent Paramount Global's proposed $8.4 billion merger with Skydance Media. The FCC did not make a decision by the 180-day informal deadline in mid-May. "We continue to run our normal course review on that one," Carr said. Trump has sued CBS, alleging the network deceptively edited a "60 Minutes" interview with 2024 presidential candidate Kamala Harris to "tip the scales in favor of the Democratic Party" and the former vice president in the election. Trump's suit is seeking $20 billion. In January, Carr reinstated complaints about the "60 Minutes" Harris interview, as well as complaints about how Walt Disney's ABC News moderated the pre-election televised debate between then-President Joe Biden and Trump and Comcast's NBC for allowing Harris to appear on "Saturday Night Live" shortly before the election. CBS has urged Carr to dismiss the complaint, saying it did nothing wrong and that the complaint aims to turn "the FCC into a full-time censor of content."
