Shari Redstone reveals details of the $8 billion sale of Paramount Global to Skydance Media, highlighting a challenging negotiation process. A major hurdle was President Trump's $10 billion lawsuit against CBS News, which Paramount settled for $16 million. Redstone expressed surprise at the low settlement amount and professed ignorance of any alleged side deal between Trump and Skydance involving White House-selected PSAs. Skydance CEO David Ellison declined to comment on the alleged side deal.

Prepared by Christopher Adams and reviewed by editorial team.