Paramount settles with Trump over ‘60 Minutes’ interview for $16 million

Paramount said it would pay $16 million to settle the suit with the money allocated to Trump's future presidential library


NEW YORK, July 2 (Reuters) - CBS parent company Paramount (PARA.O), opens new tab on Wednesday settled a lawsuit filed by U.S. President Donald Trump over an interview broadcast in October, the latest concession by a media company to a president who has targeted outlets over what he describes as false or misleading coverage.

Paramount said it would pay $16 million to settle the suit with the money allocated to Trump's future presidential library, and not paid to Trump "directly or indirectly." -- More...

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