They are reading their D&S policies and check them twice.
This is the word of Inside Paramount, the control and shareholder who controlled, Shari Redstone, struggles to reach a decision on resolving a $ 20 billion demand filed by President Trump for a controversial “60 -minute” interview with Kamala Harris.
They fear that the so -called liability and responsibility insurance of the Paramount Board’s officers, commonly known as D & O, would not cover bribes, a charge that could be exposed if they would give Trump’s demands, according to the money they have learned.
As this column has reported, Redstone is willing to pay Trump up to $ 50 million to resolve the case as the Trump Federal Communication Federal Commission maintains his plan to sell Paramount and his CBS News subsidiary to the Skydance Independent Film Company.
His decision could reach any day and it is said that Trump is receptive to the agreement. He recently established a diffusion dress with ABC, forcing Bob Iger, who runs the Disney Network Matrix company, to get more than $ 16 million.
But Disney and ABC are not in the midst of a merger, and the primary payment could be seen as a bribe in favor of the Trump administration and facilitating the Skydance Agreement, explain the media executives about the money.
Composing the problem for the board and Redstone is that D & O usually does not cover bribe. There is the possibility of civilian dresses that shareholders, a possible criminal investigation mounted by a prosecutor who hates Trump and, if the Democrats take the chamber and/or the Senate in the endless media, infinite audiences of Congress.
“I feel bad for her,” said a direct -knowledge general director of the Redstone Subject. “It really is in a hard place.”
“They are really worried that they can deal with civil or even criminal burdens and their insurance does not cover legal spending,” the executive added. “The problem is that no one thinks Trump has a good case and would be established to push the agreement.”
A spokesman for Redstone rejected his comment. A Trump’s legal advisor refused to comment.
“This demand is completely separated and not related to the Skydance transaction and the FCC approval process,” a paramount spokesman said in a statement. “We will go with the legal process to defend our case.”
Of course, companies settle for the Government all the time for regulatory violations instead of participating in a more expensive legal battle. Some media executives say the difference is that Redstone is not being established with the government, but a single individual who has great control over his wealth. Already several democratic legislators, such as Vermont Socialist Senator Bernie Sanders, have warned about the legal implications of an agreement.
Despite the lack of hand, it is said that Redstone’s decision is imminent and has told people that it is their preference to solve the subject and continue with their lives. The Paramount-Skydance Agreement has a value of $ 8 billion. 71 -year -old Redstone has seen his fortune evaporating -with the strong decrease in Paramount actions in recent years.
If the agreement ends, he would move away with $ 2 billion and retain a modest of the wealth he inherited from his father, the missing Sumner Redstone media traders.
Trump filed a lawsuit against CBS last October during the heat of the 2024 presidential election, after an interview of “60 minutes” with Harris, the Democratic candidate. Demand reflects a complaint filed by the FCC by a conservative legal group, which claims that CBS News magazine misleading the interview to make Harris’s Word-Salad responses seem more presidential.
CBS has been accused of left -wing bias, although the first amendment generally provides a free voice shield. The Trump FCC, however, claims that CBS, which operates on public waves, as opposed to cable, has a legal duty and of public interest “to provide impartial news coverage, especially during the presidential election.
The FCC maintains the approval of the Paramount-Skydance agreement and the necessary access to Redstone to cash money, as it investigates if “60 minutes” tilted the scales in its edition and Trump’s demand is still active in the Federal Court of Texas.
The conservative legal group known as the Center for American Rights says that there is clear evidence of misleading editing, which indicates the complete transcript of Harris’s interview, which shows a long duration and, in his opinion, a less coherent response to a policy matter involved in Gaza.
“60 minutes” denies that he has done anything wrong and say he regularly publishes interviews for time considerations. Legal experts say that Trump has weak reasons to sue, given 60 minutes past. But Trump’s demand claims that the edition violates the Texas Business Act, which is illegal to participate in “misleading or misleading acts or practices in the realization of any trade or trade”.
In addition to his evaporant richness, Redstone faces a strong tax bill, up to $ 200 million, resulting from the ownership of ownership he inherited from his father after his death in 2020.
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