June 19 (UPI) -- Paramount has pulled back on a $35 million settlement with President Donald Trump after he sued the media company over a segment on CBS' News' "60 Minutes."
The lawsuit alleges that the program edited an interview with Democratic presidential nominee Kamala Harris ahead of the 2024 election to change how she would appear to viewers.
The stalled settlement is holding up a potential $8 billion takeover of Paramount by Skydance, a deal that the two companies negotiated over a year ago.
Despite the legal wrangling, Trump has said he is encouraged by the proposed merger in its current form, and endorsed the deal proposed by Skydance's David Ellison.
"Ellison is great," Trump told reporters on the White House lawn Wednesday. He'll do a great job with it."
