Sipur Studios Chair and Redstone Family Foundation Chair Shari Redstone takes part in a conversation, at the Reuters NEXT conference, in New York City, New York, U.S., December 3, 2025. REUTERS/Brendan McDermid
Sipur Studios Chair and Redstone Family Foundation Chair Shari Redstone takes part in a conversation, at the Reuters NEXT conference, in New York City, New York, U.S., December 3, 2025. REUTERS/Brendan McDermid

By Harshita Mary Varghese and Dawn Chmielewski

Dec 3 (Reuters) - Media mogul Shari Redstone said on Wednesday that Paramount made the "right decision" by agreeing to pay $16 million to settle a lawsuit filed by U.S. President Donald Trump against CBS over a "60 Minutes" interview.

Speaking at the Reuters NEXT summit in New York City, the former Paramount chair said she was not part of the actual decision-making and recused herself from the board due to the "appearance of conflict which we really believe existed."

The lawsuit against CBS alleged that the network deceptively edited an interview that aired on its "60 Minutes" news program with former Vice President Kamala Harris in an effort to "tip the scales in favor of the Democratic Party" in the election.

The deal drew criticism that Paramount had effectively bought regulatory approval for its $8.4 billion merger with Skydance Media, which received the Federal Communications Commission's green light shortly afterwards.

View the live broadcast of the World Stage here and read full coverage here.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Arun Koyyur and Anil D'Silva)