Sen. Elizabeth Warren said July 31 responses from Paramount Global and Skydance Media left unresolved whether âside deals or political favorsâ were made with the Trump administration in connection with Paramount/CBSâs $16 million settlement of President Trumpâs â60 Minutesâ lawsuit and the Skydance-Paramount merger.
Warren had sent letters to Skydance CEO David Ellison (July 21) and Paramountâs co-CEOs (May 19), co-signed by Sens. Bernie Sanders and Ron Wyden, seeking information about the settlement and merger process. Warren cited President Trumpâs public claim that Skydance had a separate arrangement involving $20 million in advertising, public service announcements, and âsimilar programmingâ promoting causes he favors, in addition to the $16 million settlement.
Skydanceâs general counsel wrote Skydance was not a party to the lawsuit or settlement and did not directly answer whether any âside dealâ exists. Paramount wrote the settlement allocates funds (minus fees/costs) to a future non-profit presidential library, includes no PSAs, and has no other material terms.
The FCC approved the merger July 24. Two days earlier, Skydance sent letters to FCC Chairman Brendan Carr promising an ombudsman at CBS to review bias complaints and stating the merged company would not implement DEI initiatives.