Paramount, the parent company of CBS News, has agreed to pay Donald Trump $16 million to settle the president’s lawsuit over the editing of a 60 Minutes interview with Kamala Harris that the network's lawyers had deemed “meritless” in recent court filings, the company revealed Tuesday evening.
The payment to the sitting president of the United States comes as Paramount is looking to close an $8 billion merger with Skydance Media that will require final approval from the Trump administration. Shari Redstone, the company’s top shareholder, had made it clear that she favored settling the lawsuit with Trump in order to clear the way for the Skydance deal to go through.
