Communications Services Rise Slightly -- Communications Services Roundup

Published: 2025-07-02 17:47:08 ET PARA

Published on 07/02/2025 at 17:47

Shares in the communications services sector closed just above flat as investors expect a slowdown in U.S. job creation.

Paramount Global said it has agreed in principle to pay $16 million to settle a lawsuit with President Trump over a "60 Minutes" interview with former Vice President Kamala Harris. The settlement, which doesn't include an apology, comprises payments made to the president's future presidential library and legal fees. Paramount also agreed that "60 Minutes" will release transcripts of interviews with presidential candidates in the future after they have aired, according to the company.

The announcement caps a monthslong legal saga and extended negotiations between Paramount, which owns CBS News, and Trump's lawyers that included mediation.

Write to Paulo Trevisani at [email protected]

(END) Dow Jones Newswires

07-02-25 1746ET