Paramount said it would pay $16 million to settle the suit with the money allocated to Trump's future presidential library
News on the Net Reuters, Bio and Archives--July 2, 2025
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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...
????BREAKING: Paramount, CBS’s parent company, agrees to a $16 million settlement in President Trump’s lawsuit over the edited 60 Minutes interview with Kamala Harris.
— Benny Johnson (@bennyjohnson) July 2, 2025
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