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Paramount’s capitulation to Trump is a dark day for press freedom
FOR IMMEDIATE RELEASE:
Paramount Global announced late Tuesday that it will pay $16 million to settle an entirely frivolous and unconstitutional lawsuit brought by President Donald Trump over the editing of a “60 Minutes” interview with Kamala Harris.
It’s been widely reported that the settlement is intended to clear the way for federal approval of the sale of Paramount to Skydance Media, which will result in a multimillion-dollar payout to Paramount Chair Shari Redstone.
Three U.S. senators previously launched an investigation into whether paying off Trump through a settlement to obtain approval of the sale would violate federal bribery and other laws, and the California Senate opened a similar investigation.
The following statement can be attributed to Seth Stern, director of advocacy at Freedom of the Press Foundation (FPF):
Today is a dark day for press freedom. Paramount’s spineless decision to settle Trump’s baseless and patently unconstitutional lawsuit is an insult to the journalists of ‘60 Minutes’ and an invitation to Trump to continue targeting other news outlets. Each time a company cowers and surrenders to Trump’s demands it only emboldens him to do it again.
It will be remembered as one of the most shameful capitulations by the press to a president in history.
But we are not done fighting. We’ve already filed a shareholder information demand and are sending a second demand today to uncover information about this decision. With that information, we will continue to pursue our legal options to stop this affront to Paramount shareholders, CBS journalists, and the First Amendment. Paramount directors should be held accountable and we will do all we can to make that happen.
FPF is a Paramount Global shareholder, and you can read our letter notifying Paramount of our plans to take legal action in the event of a settlement with Trump here. You can read a previous statement from our counsel here, and our recent demand for information to which we are entitled as shareholders here.
Please contact us if you would like further comment.
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Adam Lemp and the Western Brewery - A Conversation with Historian & Author Chris Naffziger - NextSTL
Adam Lemp and the Western Brewery – A Conversation with Historian & Author Chris Naffziger
If you’re familiar with St. Louis brewing history, you are probably at least aware of the Lemp Brewery, whose most recognizable structure sits in the Marine Villa Neighborhood at Lemp Avenue and Cherokee Street. It is a hulking presence of brick, stone and iron that is a reminder of the beer barons that shaped St. […]
The post Adam Lemp and the Western Brewery – A Conversation with Historian & Author Chris Naffziger appeared first on NextSTL.