Topline
Paramount on Tuesday said it has agreed to pay President Donald Trump $16 million to settle a lawsuit filed over a CBS News 60 Minutes interview aired last year of former Vice President Kamala Harris, which Trump alleged was edited to make the Democratic Presidential candidate appear more competent.
Paramount’s settlement will be paid directly to Trump’s future presidential library and will not … More
Key Facts
Paramount told various outlets that the $16 million settlement would be paid to Trump’s future presidential library and would not include any “statement of apology or regret.”
As part of the settlement, Paramount has agreed that 60 Minutes will release transcripts of all interviews it conducts with Presidential candidates in the future.
CBS’ lawyers had previously argued that Trump’s case, claiming $20 billion in damages, was “completely without merit,” however, Paramount’s Chair Shari Redstone was reportedly keen to settle the case as the company needed federal approval to complete its multibillion-dollar merger with Skydance Media.
Trump has not yet commented on the settlement, but his legal team told the New York Times that this was another example of the president holding “the fake news media accountable.”
This is a developing story.