No. of Recommendations: 4
Finally got a little better info on the situation.
Sherry Redstone owns Paramount, which owns CBS. Paramount is in the midst of a merger which will be worth a bundle to Redstone (even keeping in mind she’s already fabulously wealthy).
But the merger depends on the approval of the FTC (I think - but definitely some piece of the executive administration). And because of the way the current executive considers all of the branches and departments and bureaus to be tools to be used for his personal benefit, Redstone has instructed the news division, including 60 Minutes, to go easy on Trump. She doesn’t want a critical story to get in the way of her making a bundle of money.
So really nothing at all to do with advertisers.
—Peter
