Trump’s lawsuit alleged that CBS’s flagship news program aired a deceptively edited clip of Kamala Harris, contending it misled viewers. Paramount confirmed a $16 million combined settlement—intended for his future presidential library and legal costs—not personal payments. The settlement was seen as strategic: smoothing the path for Paramount’s $8.4 billion merger with Skydance by resolving high-stakes litigation.

Trump’s Alleged Side Deal

Trump posted on Truth Social that he “anticipate[s] receiving $20 Million Dollars more from the new Owners, in Advertising, PSAs, or similar Programming, for a total of over $36 Million Dollars.” He reiterated to reporters he’d arranged “$16 million plus $16 … so it’s like $32 to maybe $35 million.” According to reports, Trump expects an extra $20 million in ad or PSA value from the incoming Skydance owners.

Reactions from Paramount & Regulators

Paramount firmly denied any agreements involving PSAs or advertising, stating its settlement “does not include PSAs or anything related to PSAs,” and that it had “no knowledge of any promises … other than those set forth in the settlement.” Skydance has not formally responded to questions about the reported deal.

Federal regulators are taking notice: Senators Elizabeth Warren, Bernie Sanders, and Ron Wyden pressed Skydance CEO David Ellison to clarify what, if any, side deals exist—highlighting concerns of possible bribery tied to FCC approval. Their July 21 letter requests clear answers by August 4 on whether Skydance agreed to provide compensation, ads, or programming support in exchange for regulatory favor.

Context: Media Changes & Political Pressure

Increased scrutiny of the interplay between media deals and political influence follows CBS’s announcement that The Late Show with Stephen Colbert will end after its 2025–26 season. Trump celebrated the cancellation—and both critics and CBS insiders suggest the move may reflect pressure from incoming ownership.

Critics like Jon Stewart and Senator Sanders say the settlement—and the suggested ad deal—signal unacceptable interference in journalistic independence.

What’s Next?

August 4 deadline as senators await an answer from Skydance on any undisclosed agreement.

FCC’s review of the Skydance–Paramount merger gains new urgency amid these escalating concerns.

Media industry implications: Will networks feel compelled to self-censor or change programming to appease new owners or political winds?

Bottom Line

Trump is publicly doubling down on a claim that his settlement is far more lucrative than the publicly disclosed $16 million, citing a mysterious $20 million add-on from the incoming Skydance owners. With Paramount denying any such arrangement, the claim raises serious ethical and regulatory questions—and the clock is ticking for Skydance to respond.