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Trump's legal action initially began as a $4 billion lawsuit but has since grown substantially. The lawsuit alleges that CBS broadcasted misleading content during an interview with him, claiming he is a victim of unlawful behavior. Trump demands not only financial reparation but also a retraction and even suggested that CBS's broadcast license could be revoked.
Owens' resignation comes at a time when CBS is reportedly looking to settle the lawsuit in a manner that may significantly impact the network's future, particularly its planned merger with Paramount's Sky Dance studio. The pressure from Trump's lawsuit coupled with internal dissatisfaction regarding editorial direction appears to have culminated in Owens' departure.