Paramount Global has settled its suit with President Trump, ending the president’s $20 billion election interference lawsuit over CBS News' handling of a "60 Minutes" interview last year.

When The Wall Street Journal — whose parent company is owned by Rupert Murdoch, a billionaire and powerful Trump ally — published a news story about Trump’s ties to disgraced financier and convicted sex offender Jeffrey Epstein last week, the president openly admitted that he had tried to get the story killed.

Trump’s FCC approved Skydance’s $8B acquisition of Paramount, parent of CBS News, on July 24, 2025, targeting “legacy media bias” and DEI programs. Learn more., US News, Times Now

Hours after announcing the approval of Skydance’s merger with Paramount, FCC chairman Brendan Carr touted the company’s commitment to “addressing bias & restoring fact-based reporting” at CBS News, among other things.

President Donald Trump’s latest assault on the news media came in the form of another lawsuit last week. After The Wall Street Journal reported that Trump had allegedly written a birthday note, complete with “bawdy” doodling,

CBS and Paramount bent to Trump's demands—gutting DEI, firing Colbert, and offering ad deals—just to close a merger. It's a dangerous precedent for the media.

President Trump said the U.S. will impose steep levies on imports from 20 countries starting next month, raising pressure on trading partners.

Trump's $16 million lawsuit settlement with Paramount and CBS is the latest example of the president's war to discredit media outlets he disfavors.

Paramount Global and CBS agreed on Tuesday to pay President Donald Trump a sum that could reach north of $30 million to settle the president’s election interference lawsuit against the network.