President Donald Trump and Paramount are seeking a mediator, further fueling speculation that both parties will settle his $20 billion CBS News lawsuit, Fox News Digital has confirmed.
As first reported by The New York Times, lawyers for both parties are aiming to appoint a mediator that will likely expedite a resolution to the high-stakes legal battle.
“President Trump is committed to holding those who traffic in fake news, hoaxes, and lies to account,” Trump attorney Ed Paltzik told Fox News Digital in a statement. “CBS and Paramount committed the worst kind of election interference and fraud in the closing days of the most important presidential election in history. President Trump will pursue this vital matter to its just and rightful conclusion.”
A representative for Paramount declined to comment.
CBS parent company Paramount Global is reportedly considering settling the suit ahead of a planned merger with Skydance Media in hopes of preventing potential retribution by Trump’s FCC, which has the authority to halt the multibillion-dollar transaction. Shari Redstone, Paramount’s controlling shareholder, is reportedly in favor of settling with the president.
A settlement from Paramount would be the latest in Trump’s string of legal victories as he reached multimillion-dollar settlements with ABC News, Meta and X.
Joseph A. Wulfsohn is a media reporter for Fox News Digital. Story tips can be sent to joseph.wulfsohn@fox.com and on Twitter: @JosephWulfsohn.
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