On Wednesday evening, as representatives for Paramount Global and President Trump wrapped their first day of mediation talks on the president’s $20 billion lawsuit against 60 Minutes—a source of profound anxiety for CBS News and, indeed, the industry at large—The Wall Street Journal reported that Paramount’s front office had privately discussed settling the suit for around $15 million to $20 million. The proposed fee seemed plausible enough, especially since it aligned with the “donation” that Disney had made to Trump’s presidential library last December after Bob Iger and his board determined they’d rather pay $16 million than enter a protracted legal and P.R. war with the incoming president, expose their text messages to discovery, and potentially complicate a Fubo deal. For Paramount, however, $15 million to $20 million is more of a tactical opening bid—and wishful thinking.
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