By Annie Linskey
President Trump said Wednesday that he believes CBS should settle a lawsuit he brought against them for "a lot," speaking publicly for the first time about litigation that he filed over how the network's "60 Minutes" edited an interview it conducted with his 2024 political opponent Kamala Harris.
"We are in discussion of settlement," Trump said, speaking to reporters at a Cabinet meeting. Trump sued CBS in the fall, and recently doubled the amount he's seeking in damages to $20 billion, alleging the edit amounted to election interference.
Trump also referenced a separate Federal Communications Commission probe of how the network handled the interview, which is part of its review of the planned merger between CBS parent company Paramount Global and Skydance Media.
He said that the agency is "looking at it very strongly" and voiced support for Brendan Carr, whom he appointed to chair the FCC. "The FCC is headed by a very competent person and they have some very competent people on the board," he said.
Paramount shares fell 3% in afternoon trading.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
February 26, 2025 14:40 ET (19:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.