This interview, which literally and figuratively did absolutely nothing to the outcome of the 2024 presidential election, was at the core of a multi-billion-dollar lawsuit President Donald Trump filed against “60 Minutes.”
Trump sued Paramount in November for $10 billion, claiming the editing of the interview created “partisan and unlawful acts of election and voter interference” intended to “mislead the public and attempt to tip the scales” of the 2024 election toward Harris.
Experts had long noted that the suit was frivolous and that Trump had a better shot of quarterbacking the Cleveland Browns to a Super Bowl title this year than he did of winning this case. Still, the parent company of “60 Minutes” took the settlement route, as a corporate sale of several billion dollars seemed to be at risk if it didn’t:
Many lawyers had dismissed Mr. Trump’s lawsuit as baseless and believed that CBS would have ultimately prevailed in court, in part because the network did not report anything factually inaccurate, and the First Amendment gives publishers wide leeway to determine how to present information.
But Shari Redstone, the chair and controlling shareholder of Paramount, told her board that she favored exploring a settlement with Mr. Trump. Some executives at the company viewed the president’s lawsuit as a potential hurdle to completing a multibillion-dollar sale of the company to the Hollywood studio Skydance, which requires the Trump administration’s approval.
After weeks of negotiations with a mediator, lawyers for Paramount and Mr. Trump worked through the weekend to reach a deal ahead of a court deadline that would have required both sides to begin producing internal documents for discovery, according to two people familiar with the negotiations.
FRAMING THE OUTCOME: We talked about Framing Theory a few months back, but for a brief recap, the idea is that how the media chooses to focus on an issue can shape how people in general will look at that issue. In this case, here are three I’ve seen pop up:
The Mob Shakedown: In most good gangster movies and TV shows, a scene emerges that showcases how to threaten someone without actually threatening them. It’s a pure demonstration of the power the “Don,” the “boss” or the “enforcer” has: Force someone to do something they don’t want to do out of pure fear of what otherwise might happen.
The shakedown scene usually starts with the gangster offering “friendship” or “protection” for a business owner, explaining that the world is a dangerous place and that a lot of bad things can happen. So, for a small percentage of the owner’s finances, this gangster will keep those bad things at bay.
If the owner protests, the gangster tends to get a little more specific while still being vague, offering “God forbid” scenarios like how a mysterious fire could burn the business to the ground or how a random act of violence could lead to the owner being hospitalized for serious injuries. However, fortunately, a payment to this “ambassador of goodwill” can pretty much eliminate those possibilities:
(This was the best “shakedown” scene I could find from any TV show or movie that a) didn’t use enough F-bombs to destroy an underground nuclear bunker, b) use other pejorative language regarding someone’s race, gender, ethnicity, sexual orientation or pet preference and c) didn’t actually use the violence that was suggested earlier in the clip. Still, it’s not pure enough for totally virgin ears, so watch at your discretion.)
In the Paramount case, the company had a multi-billion-dollar deal waiting in the wings, but it needed “the Don’s” blessing to go through and a lot of terrible things can happen to a deal if, God forbid, the FCC decided to look reeeeeeealllly closely at it. I mean, who knows what might happen to all that money? If Paramount lost that deal just because of a little misunderstanding it could make right with this “60 Minutes” thing? Hey… I’m just saying…
Of course, the Trump administration definitely wasn’t doing that:
Brendan Carr, the chairman of the Federal Communications Commission, has said the president’s lawsuit against Paramount was not linked to the F.C.C.’s review of the company’s merger with Skydance. Paramount has also said the two issues were unrelated.
Right. And the business owner got that black eye and broken arm after “accidentally” falling down a flight of stairs before coming to the conclusion that protection money is a small price to pay for proper piece of mind.
Chump Change: If you look at some of the more successful campaigns to get money out of people, they tend to be the ones that appear to be the least taxing or consequential. Case in point, each year, my alma mater (or maters) send me a pledge card, asking for a “gift” of between a few hundred and a few thousand dollars. Those always go right in the trash without a second thought.
That said, I have a hard time recalling the last time I refused to “round up” at the grocery store, the hardware store or anywhere else for whatever charity the business was repping at the time. It’s like, “Hell, I’m already $132.47 into the Kroeger Family at this point. What’s another 53 cents for a good cause?”
In addition, I’ve seen people drop a few coins in a parking lot and refuse to pick them up, folks at rummage sales drop the “and XX cents” on a customer’s total and other similar maneuvers that basically just round off a relatively insignificant amount of cash.
Thus, the concept of “chump change.”
I personally have a hard time thinking about $16 million as “chump change,” but everything in life is relative, as noted in this clip from “The Social Network:”
I suppose if I’m looking at it from the perspective of a multi-billion-dollar company that wants to make several billion dollars on a deal, giving up $16 million isn’t a lot to make things happen. I also suppose that if a collections company told me I owed $1,000 to a creditor, but I could pay it off today for $1.60, I’d probably avoid the argument and fork over the cash. (Trust me on this one: The comparative math is solid.)
To Paramount, this is the cost of doing business. It’s rounding up at the register to move things along. It’s chump change.
An Affront to The Foundations of The Country: After the news broke about the Paramount capitulation, it might have felt like time stood still for a few minutes. That’s probably because when Edward R. Murrow, Katherine Graham, Walter Cronkite, Ben Bradlee and David Brinkley (among other journalists) started simultaneously started spinning in their graves, the Earth found itself dealing with that “Superman The Movie” trick:
We’ve discussed SLAPP suits here before, where people with virtually no case whatsoever sue for a ton of money to get people to back off. In many of those cases, the defendants lack the sufficient means to truly stand their ground and fight back on behalf of truth, justice and the American way, so they knuckle under.
In this situation, Paramount had the funds, the legal might and the legal precedents to stand up for all the mom and pop media operations (whatever of those are left) and tell the president where to put his suit. Paramount also had the opportunity to stand up for the free press and free speech rights that have defined the country for generations.
It’s something Graham and Bradlee did before when a president came at them. It’s something Murrow did in a time in which a demagogue rattled this country to its core. It’s something so many other journalists and journalism operations have done in big and small ways to reassure us all that our rights are not a “when it’s convenient to people in power” thing.
But a funny thing happened on the way to our current predicament. News outlets are now part of larger conglomerates with larger concerns. TV news always lost money, relative to other programming, but it was seen as part of the deal: You give us quality news, we let you use the public airwaves. Newspapers use to make money and hold sway over larger groups of people. Furthermore, they weren’t part of a collective that also did entertainment programming, sold time shares, controlled real estate and answered to shareholders. Their concern was doing the news well and defending their right to do it.
For Paramount, “60 Minutes” is a “property” of the company, just like all the other stuff they put on TV. If an episode of “School Spirits” pissed off enough people to prevent a multi-billion-dollar deal from happening, they’d kill it or edit it or pay off someone, too. Cost of doing business. That’s the company’s view. The needs of the many outweigh the needs of the one.
However, when one company lets the powerful dictate the news based on threats like this suit, it undermines the strength of those First Amendment rights for everyone else.
