Paramount Global Reaches $16 Million Settlement with Trump Over Edited Harris Interview

Paramount Global, the parent company of CBS, has reached a $16 million settlement with President Donald Trump over a lawsuit that alleged election interference. The dispute originated from an October "60 Minutes" interview with then-Democratic presidential candidate Kamala Harris.

Trump claimed that the segment was purposefully mis-edited to benefit the Democratic campaign. Despite the settlement, Paramount does not include an apology or statement of regret.

"This lawsuit is completely separate from, and unrelated to, the Skydance transaction and the FCC approval process. We will abide by the legal process to defend our case," Paramount said.

The $16 million will be allocated to Trump's future presidential library, according to the media company. Additionally, Paramount agreed to release transcripts of interviews with eligible U.S. presidential candidates after such interviews have aired.