Kevin O’Leary on Trump Rejecting Paramount’s $15M Offer: ‘Remember the Word Salad Edit?’

SINGLETON: “I said that during the break. They should have offered $30 million. Whether you agree with this or not, CBS and the heads there, they have a fiduciary responsibility to get that company sold for the $8 billion that their stakeholders are expecting by any means necessary. And if that means they have to up it by 10 more million dollars or 15 more million bucks, they have to do so. They‘re going to get $8 billion.”
PHILLIP: “Isn‘t that extortion?”
SINGLETON: “The company is only worth $7 billion.”
FOSTER: “Right. You‘re being shaken — you‘re being shaken down by the president of the — “
SINGLETON: “If I’m an investor at CBS, you need to sell the company.”
FOSTER: “When the president of the United States shows down and he tries to institute a shakedown, you have to settle as quickly as possible, pay a bunch of money so you can get your Skydance deal. I want to focus on the political dimension, so — “
SINGLETON: “I want the money to go upstream. So sell the CBS.”
FOSTER: “Let us focus on the political dimension. This is gross and unseemly.”
O’LEARY: “The source of the problem — “
FOSTER: “We’re supposed to have a free press — “
PHILLIP: “Kevin, let him finish.”
FOSTER: “This is gross and unseemly. We‘re supposed to have a free press in this country, and there is something dreadfully wrong when the president of the United States is filing nuisance lawsuits and trying to take tens of millions of dollars — “
O’LEARY: “What do you mean, nuisance lawsuits?”
FOSTER: “ — from private companies — “
O’LEARY: “Wait a second. Wait a second. This was a word salad edit. You remember the word salad?”
FOSTER: “Yes, and — “
CROSS: “That happens all — even at this network, that happens.”
O’LEARY: “Excuse me. Let me finish. Let me finish.”
FOSTER: “It wasn‘t that much better than the actual full-length piece.”
O’LEARY: “If this had no merit, if this claim had no merit — wait, wait, wait. If this claim had no merit, we wouldn‘t be talking about whether — “
CROSS: “It has no merit! It has no merit.”
SINGLETON: “They don’t have to settle the lawsuit.”
FOSTER: “But that might imperil their deal.”
WELCH: “I have a question. How do you guys constantly defend the biggest whining titty baby?”
(Laughter)
FOSTER: “Titty baby.”
WELCH: “I mean, why do you guys not stop? He’s the president and you’re defending that?”
O’LEARY: “Excuse me, did all the executives of CBS lose their jobs on ‘60 Minutes?’ Yes or no? Yes. Was it a word salad edit? Yes.”
WELCH: “No!”
CROSS: “That happens all the time.”
WELCH: “He’s a titty baby, a whiner. It’s pathetic that you defend it.”
O’LEARY: “Did they breach their covenant as reporters? Yes.”
PHILLIP: “What covenant?”
FOSTER: “Who lost their job?”
PHILLIP: “What covenant are you talking about?”
O’LEARY: “You know, we‘ve had this —“
PHILLIP: “Yeah, I know. What are you talking about?”
O’LEARY: “And you said it doesn‘t matter, everybody edits.”
PHILLIP: “Yeah, but you know — “
O’LEARY: “They edited her word salad to make her sound better. Now they’re paying the price.”
PHILLIP: “Okay, you know, hold on, let me remind you — “
O’LEARY: “Don‘t remind me. I was there. Word salad. Don’t edit word salad.”