Latest news with #TexasDeceptiveTradePractices-ConsumerProtectionAct
The Herald Scotland
24-07-2025
- Business
- The Herald Scotland
Trump claims $20 million side pot in '60 Minutes' Paramount settlement
"We also anticipate receiving $20 Million Dollars more from the new Owners, in Advertising, PSAs, or similar Programming, for a total of over $36 Million Dollars," Trump said. "This is another in a long line of VICTORIES over the Fake News Media, who we are holding to account for their widespread fraud and deceit." He added that other the news media is "ON NOTICE that the days of them being allowed to deceive the American People are OVER. MAKE AMERICA GREAT AGAIN!" Paramount, asked about Trump's claim of an additional $20 million in promised advertising and programs, pointed USA TODAY to a July 2 statement in which the company disputed the assertion. More: Paramount agrees to pay $16M to settle Trump lawsuit over '60 Minutes' interview "Contrary to some news reports or media speculation, Paramount's settlement with President Trump does not include PSAs or anything related to PSAs," the company said. "Paramount has no knowledge of any promises or commitments made to President Trump other than those set forth in the settlement proposed by the mediator and accepted by the parties." In his lawsuit, Trump alleged CBS's editing of the Harris interview violated the Texas Deceptive Trade Practices-Consumer Protection Act, which makes it illegal to use false, misleading, or deceptive ads in commerce. Media advocacy groups have warned Trump's novel use of such laws against news outlets could circumvent legal protections for the press, which can only be held liable for defamation against public figures if they report something they knew or should have known was false. Paramount's settlement with Trump has drawn criticism from Democrats and other Trump critics, who have noted that it comes as Paramount is seeking the U.S. Federal Communications Commission's approval for an $8.4 billion merger with Skydance Media. More: Trump says he 'absolutely loves' that CBS canceled Stephen Colbert's 'Late Show' Democrats have also questioned the timing of CBS' recent cancellation of "The Late Show With Stephen Colbert," who has been an outspoken critic of Trump. Sens. Elizabeth Warren, D-Mass., Ron Wyden., D-Ore., and Bernie Sanders, I-Vt., sent Skydance Media CEO David Ellison a July 21 letter that posed several questions including whether the company has any arrangements with Trump to provide " compensation, advertising, or promotional activities" that assist the president, his family, his future presidential library or other administration officials. "We write with questions about Skydance Media's reported secret side deal with President Trumpthat appears to be connected to Paramount Global's efforts to settle President Trump's lawsuitagainst CBS and secure approval for its mega-merger with Skydance," the senators said. Paramount has denied the claim, saying the lawsuit is "completely separate from, and unrelated to, the Skydance transaction and the FCC approval process." Contributing: Reuters Reach Joey Garrison on X @joeygarrison.
Business Recorder
02-07-2025
- Business
- Business Recorder
Paramount settles with Trump over ‘60 Minutes' interview for $16 million
NEW YORK: CBS parent company Paramount late on Tuesday settled a lawsuit filed by U.S. President Donald Trump over an interview broadcast in October, the latest concession by a media company to a president who has targeted outlets over what he describes as false or misleading coverage. Paramount said it would pay $16 million to settle the suit with the money allocated to Trump's future presidential library, and not paid to Trump 'directly or indirectly.' 'The settlement does not include a statement of apology or regret,' the company statement added. Shares of Paramount were up 0.5% in premarket trading on Wednesday. Trump filed a $10-billion lawsuit against CBS in October, alleging the network deceptively edited an interview that aired on its '60 Minutes' news program with then-vice president and presidential candidate Kamala Harris to 'tip the scales in favor of the Democratic Party' in the election. In an amended complaint filed in February, Trump bumped his claim for damages to $20 billion. CBS aired two versions of the Harris interview in which she appears to give different answers to the same question about the Israel-Hamas war, according to the lawsuit filed in federal court in Texas. CBS previously said the lawsuit was 'completely without merit' and had asked a judge to dismiss the case. Trump's legal team welcomed the settlement on Wednesday. 'With this record settlement, President Donald J. Trump delivers another win for the American people,' a spokesperson said. Trump escalates feud with Musk Paramount said it also agreed that 60 Minutes would release transcripts of interviews with future U.S. presidential candidates after they aired, subject to redactions as required for legal or national security concerns. A spokesperson for Paramount Chair Shari Redstone was unavailable for comment. The case entered mediation in April. Trump alleged CBS's editing of the interview violated the Texas Deceptive Trade Practices-Consumer Protection Act, which makes it illegal to use false, misleading or deceptive acts in commerce. Media advocacy groups said Trump's novel use of such laws against news outlets could be a way of circumventing legal protections for the press, which can only be held liable for defamation against public figures if they say something they knew or should have known was false. The settlement comes as Paramount prepares for an $8.4-billion merger with Skydance Media, which will require approval from the U.S. Federal Communications Commission. On the campaign trail last year, Trump threatened to revoke CBS' broadcasting license if elected. He has repeatedly lashed out against the news media, often casting unfavorable coverage as 'fake news.' The Paramount settlement follows a decision by Walt Disney -owned ABC News to settle a defamation case brought by Trump. As part of that settlement, which was made public on December 14, the network donated $15 million to Trump's presidential library and publicly apologized for comments by anchor George Stephanopoulos, who inaccurately said Trump had been found liable for rape. Trump must put his words into action It also follows a second settlement, by Facebook and Instagram parent company Meta Platforms, which on January 29 said it had agreed to pay about $25 million to settle a lawsuit by Trump over the company's suspension of his accounts after the January 6, 2021, attack at the U.S. Capitol. Trump has vowed to pursue more claims against the media. On December 17, he filed a lawsuit against the Des Moines Register newspaper and its former top pollster over its poll published on November 2 that showed Harris leading Trump by three percentage points in Iowa. The lawsuit seeks unspecified damages and an order barring the Des Moines Register from engaging in 'ongoing deceptive and misleading acts and practices' related to polling. A Des Moines Register representative said the organization stands by its reporting and that the lawsuit was without merit. On June 30 Trump dropped the federal lawsuit and refiled it in an Iowa state court.
Dubai Eye
02-07-2025
- Business
- Dubai Eye
Paramount settles with Trump over '60 Minutes' interview for $16 million
CBS parent company Paramount has settled a lawsuit filed by US President Donald Trump over an interview broadcast in October, the latest concession by a media company to a president who has targeted outlets over what he describes as false or misleading coverage. Paramount said it would pay $16 million to settle the suit with the money allocated to Trump's future presidential library, and not paid to Trump "directly or indirectly." "The settlement does not include a statement of apology or regret," the company statement added. Trump filed a $10-billion lawsuit against CBS in October, alleging the network deceptively edited an interview that aired on its 60 Minutes news programme with then-vice president and presidential candidate Kamala Harris to 'tip the scales in favour of the Democratic Party' in the election. In an amended complaint filed in February, Trump bumped his claim for damages to $20 billion. CBS aired two versions of the Harris interview in which she appears to give different answers to the same question about the Israel-Hamas war, according to the lawsuit filed in federal court in Texas. CBS previously said the lawsuit was "completely without merit" and had asked a judge to dismiss the case. The White House did not immediately respond to a Reuters' request for comment. Edward A Paltzik, a lawyer representing Trump in the civil suit, could not be immediately reached for comment. Paramount said it also agreed that 60 Minutes would release transcripts of interviews with future US presidential candidates after they aired, subject to redactions as required for legal or national security concerns. A spokesperson for Paramount Chair Shari Redstone was unavailable for comment. The case entered mediation in April. Trump alleged CBS's editing of the interview violated the Texas Deceptive Trade Practices-Consumer Protection Act, which makes it illegal to use false, misleading or deceptive acts in commerce. Media advocacy groups said Trump's novel use of such laws against news outlets could be a way of circumventing legal protections for the press, which can only be held liable for defamation against public figures if they say something they knew or should have known was false. The settlement comes as Paramount prepares for an $8.4-billion merger with Skydance Media, which will require approval from the US Federal Communications Commission. On the campaign trail last year, Trump threatened to revoke CBS' broadcasting licence if elected. He has repeatedly lashed out against the news media, often casting unfavorable coverage as "fake news". The Paramount settlement follows a decision by Walt Disney-owned ABC News to settle a defamation case brought by Trump. As part of that settlement, which was made public on December 14, the network donated $15 million to Trump's presidential library and publicly apologised for comments by anchor George Stephanopoulos, who inaccurately said Trump had been found liable for rape. It also follows a second settlement, by Facebook and Instagram parent company Meta Platforms, which on January 29 said it had agreed to pay about $25 million to settle a lawsuit by Trump over the company's suspension of his accounts after the January 6, 2021, attack at the US Capitol. Trump has vowed to pursue more claims against the media. On December 17, he filed a lawsuit against the Des Moines Register newspaper and its former top pollster over its poll published on November 2 that showed Harris leading Trump by three percentage points in Iowa. The lawsuit seeks unspecified damages and an order barring the Des Moines Register from engaging in "ongoing deceptive and misleading acts and practices" related to polling. A Des Moines Register representative said the organization stands by its reporting and that the lawsuit was without merit. On June 30 Trump dropped the federal lawsuit and refiled it in an Iowa state court.
TimesLIVE
02-07-2025
- Business
- TimesLIVE
Paramount settles with Trump over ‘60 Minutes' interview for $16 million
Media advocacy groups said Trump's novel use of such laws against news outlets could be a way of circumventing legal protections for the press, which can only be held liable for defamation against public figures if they say something they knew or should have known was false. Image: REUTERS/Leah Millis CBS parent company Paramount on Wednesday settled a lawsuit filed by US President Donald Trump over an interview broadcast in October, the latest concession by a media company to a president who has targeted outlets over what he describes as false or misleading coverage. Paramount said it would pay $16 million to settle the suit with the money allocated to Trump's future presidential library, and not paid to Trump 'directly or indirectly.' 'The settlement does not include a statement of apology or regret,' the company statement added. Trump filed a $10-billion lawsuit against CBS in October, alleging the network deceptively edited an interview that aired on its '60 Minutes' news program with then-vice president and presidential candidate Kamala Harris to 'tip the scales in favour of the Democratic Party' in the election. In an amended complaint filed in February, Trump bumped his claim for damages to $20 billion. CBS aired two versions of the Harris interview in which she appears to give different answers to the same question about the Israel-Hamas war, according to the lawsuit filed in federal court in Texas. CBS previously said the lawsuit was 'completely without merit' and had asked a judge to dismiss the case. The White House did not immediately respond to a Reuters' request for comment. Edward A Paltzik, a lawyer representing Trump in the civil suit, could not be immediately reached for comment. Paramount said it also agreed that 60 Minutes would release transcripts of interviews with future US presidential candidates after they aired, subject to redactions as required for legal or national security concerns. A spokesperson for Paramount Chair Shari Redstone was unavailable for comment. The case entered mediation in April. Trump alleged CBS's editing of the interview violated the Texas Deceptive Trade Practices-Consumer Protection Act, which makes it illegal to use false, misleading or deceptive acts in commerce. Media advocacy groups said Trump's novel use of such laws against news outlets could be a way of circumventing legal protections for the press, which can only be held liable for defamation against public figures if they say something they knew or should have known was false. The settlement comes as Paramount prepares for an $8.4-billion merger with Skydance Media, which will require approval from the US Federal Communications Commission. On the campaign trail last year, Trump threatened to revoke CBS' broadcasting license if elected. He has repeatedly lashed out against the news media, often casting unfavourable coverage as 'fake news.' The Paramount settlement follows a decision by Walt Disney -owned ABC News to settle a defamation case brought by Trump. As part of that settlement, which was made public on December 14, the network donated $15 million to Trump's presidential library and publicly apologised for comments by anchor George Stephanopoulos, who inaccurately said Trump had been found liable for rape. It also follows a second settlement, by Facebook and Instagram parent company Meta Platforms, which on January 29 said it had agreed to pay about $25 million to settle a lawsuit by Trump over the company's suspension of his accounts after the January 6, 2021, attack at the US Capitol. Trump has vowed to pursue more claims against the media. On December 17, he filed a lawsuit against the Des Moines Register newspaper and its former top pollster over its poll published on November 2 that showed Harris leading Trump by three percentage points in Iowa. The lawsuit seeks unspecified damages and an order barring the Des Moines Register from engaging in 'ongoing deceptive and misleading acts and practices' related to polling. A Des Moines Register representative said the organisation stands by its reporting and that the lawsuit was without merit.
ARN News Center
02-07-2025
- Business
- ARN News Center
Paramount settles with Trump over '60 Minutes' interview for $16 million
CBS parent company Paramount has settled a lawsuit filed by US President Donald Trump over an interview broadcast in October, the latest concession by a media company to a president who has targeted outlets over what he describes as false or misleading coverage. Paramount said it would pay $16 million to settle the suit with the money allocated to Trump's future presidential library, and not paid to Trump "directly or indirectly." "The settlement does not include a statement of apology or regret," the company statement added. Trump filed a $10-billion lawsuit against CBS in October, alleging the network deceptively edited an interview that aired on its 60 Minutes news programme with then-vice president and presidential candidate Kamala Harris to 'tip the scales in favour of the Democratic Party' in the election. In an amended complaint filed in February, Trump bumped his claim for damages to $20 billion. CBS aired two versions of the Harris interview in which she appears to give different answers to the same question about the Israel-Hamas war, according to the lawsuit filed in federal court in Texas. CBS previously said the lawsuit was "completely without merit" and had asked a judge to dismiss the case. The White House did not immediately respond to a Reuters' request for comment. Edward A Paltzik, a lawyer representing Trump in the civil suit, could not be immediately reached for comment. Paramount said it also agreed that 60 Minutes would release transcripts of interviews with future US presidential candidates after they aired, subject to redactions as required for legal or national security concerns. A spokesperson for Paramount Chair Shari Redstone was unavailable for comment. The case entered mediation in April. Trump alleged CBS's editing of the interview violated the Texas Deceptive Trade Practices-Consumer Protection Act, which makes it illegal to use false, misleading or deceptive acts in commerce. Media advocacy groups said Trump's novel use of such laws against news outlets could be a way of circumventing legal protections for the press, which can only be held liable for defamation against public figures if they say something they knew or should have known was false. The settlement comes as Paramount prepares for an $8.4-billion merger with Skydance Media, which will require approval from the US Federal Communications Commission. On the campaign trail last year, Trump threatened to revoke CBS' broadcasting licence if elected. He has repeatedly lashed out against the news media, often casting unfavorable coverage as "fake news". The Paramount settlement follows a decision by Walt Disney-owned ABC News to settle a defamation case brought by Trump. As part of that settlement, which was made public on December 14, the network donated $15 million to Trump's presidential library and publicly apologised for comments by anchor George Stephanopoulos, who inaccurately said Trump had been found liable for rape. It also follows a second settlement, by Facebook and Instagram parent company Meta Platforms, which on January 29 said it had agreed to pay about $25 million to settle a lawsuit by Trump over the company's suspension of his accounts after the January 6, 2021, attack at the US Capitol. Trump has vowed to pursue more claims against the media. On December 17, he filed a lawsuit against the Des Moines Register newspaper and its former top pollster over its poll published on November 2 that showed Harris leading Trump by three percentage points in Iowa. The lawsuit seeks unspecified damages and an order barring the Des Moines Register from engaging in "ongoing deceptive and misleading acts and practices" related to polling. A Des Moines Register representative said the organization stands by its reporting and that the lawsuit was without merit. On June 30 Trump dropped the federal lawsuit and refiled it in an Iowa state court.
